Apple and Samsung chip designer at risk of being seized by state-controlled investor in China
What you need to know
- Apple and Samsung chip designer Imagination has scheduled an emergency board meeting next week.
- That's over fears that a state-controller Chinese investor is trying to seize control of the company.
- Imagination makes GPUs for Apple and Samsung, and its designs feature in 30% of the world's smartphones.
Apple and Samsung chip designer Imagination has scheduled an emergency board meeting after it emerged that a state-controlled Chinese investor is trying to seize the company.
According to a report from Sky News:
The report claims that senior MPs in the UK have also been alerted to the move, and plan to lobby Prime Minister Boris Johnson over the weekend "to intervene on the grounds of potential risks to national security." UK intelligence agency GCHQ and the National Cyber Security Centre have also been made aware of the development.
As the report notes:
Imagination signed a new multi-year license agreement with Apple earlier this year. In an announcement it stated:
The report continues:
The report also notes that this would "compound deepening fears" about the speed of 'technology transfer' to China and that the move "appeared to be timed to coincide" with the COVID-19 pandemic, described as "the point of maximum distraction" for ministers. In relation to a letter sent to Prime Minister Boris Johnson one source commented:
You can read the full report here.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9