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Tag: Imagination

Imagination chiefs quit amid threat of Chinese power-grab

Imagination chiefs quit amid threat of Chinese power-grab

Business
Two more of Imagination Technologies' top executives have submitted their resignations in protest at moves by a state-owned Chinese investor to seize control of its board, further destabilising one of Britain's most important technology companies.Sky News has learnt that Steve Evans, chief product officer, and John Rayfield, chief technical officer, both quit early last week amid a growing furore on both sides of the Atlantic about the future ownership of the chip developer. Mr Evans is understood to have said in his resignation letter: "I will not be part of a company that is effectively controlled by the Chinese government."Their expected departures have emerged just 48 hours after the departure of Ron Black, chief executive.The management crisis - which means that one-third of Imaginati...
Trump administration probes China’s Imagination plot

Trump administration probes China’s Imagination plot

Business
The Trump administration has launched an urgent probe into attempts by a state-owned Chinese investor to seize control of Imagination Technologies Group, the British-based chip developer.Sky News can reveal that the Committee on Foreign Investment in the US (CFIUS), a powerful national security body based in Washington, has begun making enquiries about the intentions of China Reform Holdings, which has close links to Beijing. The move places Imagination, which counts Apple among its most important customers, at the centre of government investigations on both sides of the Atlantic amid expectations of a surge in protectionist sentiment fuelled by the coronavirus pandemic. Image: Apple is one of Imagination Technologies' most important customers ...
Tory grandees urge probe into China’s Imagination coup

Tory grandees urge probe into China’s Imagination coup

Technology
David Davis, the former Brexit secretary, has urged ministers to probe a Chinese bid to take control of Imagination Technologies Group, amid fears that the British chip designer's assets will be shifted away from the UK.Sky News has seen a letter from Mr Davis to Oliver Dowden, the digital, culture, media and sport secretary, asking the government to "investigate this potential change of control of an important British strategic asset and, if necessary…intervene to ensure that this change of control does not take place". The growing clamour for government intervention relates to an effort by China Reform Holdings - which has close links to Beijing - to nominate four directors to Imagination's board at an emergency meeting on Tuesday.If the move takes place, it could give China Reform suffi...
Olivia Attwood leaves NOTHING to the imagination in 100% sheer fishnet outfit

Olivia Attwood leaves NOTHING to the imagination in 100% sheer fishnet outfit

Entertainment
It’s nearly Halloween and that can only mean one thing – lots and lots of spookily sexy outfits from our beloved celebs.And one bombshell who certainly didn’t miss the memo for all those frightful festivities was Love Island’s Olivia Attwood.Stepping out at the KISS Haunted House Party at SSE Arena Wembley on Saturday night, the bombshell blonde put on a jaw-dropping display.The 27-year-old stunner left little to the imagination as she put her underwear on full show. Related Articles Her racy outfit was accompanied by head-to-toe fish netting, which did little to conceal her ample assets, which could clearly be seen through the mesh ensemble.Adding even more sex appeal to the look, Olivia slipped her trim pins into a pair of black knee-h...
Chipmaker Imagination hires Li as new CEO

Chipmaker Imagination hires Li as new CEO

Business
The British microchip developer Imagination Technologies has hired a semiconductor industry veteran as its new chief executive following last year's‎ £550m Chinese-backed takeover.Sky News has learnt that the company, which was forced to put itself up for sale after losing Apple as a customer, will announce this week that Leo Li is taking the helm.Mr Li, who chairs the Global Semiconductor Alliance, will replace Andrew Heath, who was appointed just two years ago to spearhead a turnaround of the business.The new boss has held senior roles at other major players in the sector, including as CEO of Spreadtrum Communications and co-president of Tsinghua Unigroup.His experience of fast-growing Asian markets is expected to be valuable to Imagination, which is increasing its exposure to China thro...