{"id":97857,"date":"2020-06-22T13:22:41","date_gmt":"2020-06-22T02:22:41","guid":{"rendered":"http:\/\/smartoffice.com.au\/?p=97857"},"modified":"2020-06-22T13:22:41","modified_gmt":"2020-06-22T02:22:41","slug":"british-govt-unveils-plan-halt-foreign-high-tech-takeovers","status":"publish","type":"post","link":"https:\/\/staging.strixdevelopment.net\/smartoffice\/2020\/06\/22\/british-govt-unveils-plan-halt-foreign-high-tech-takeovers\/","title":{"rendered":"British Govt. Unveils Plan To Halt  Foreign High-Tech Takeovers"},"content":{"rendered":"<div>\n<p><span lang=\"en-GB\">LONDON: The UK Government is planning new measures to restrict foreign takeovers of high-tech industries on national security grounds.<\/span><\/p>\n<\/div>\n<div>\n<p><span lang=\"en-GB\">Security experts have cautioned the UK Government that it has been late to address the issue.<\/span><\/p>\n<\/div>\n<div>\n<p><span lang=\"en-GB\">This comes amid growing concern about the risk of China buying high-tech companies, especially in the economic turmoil resulting from the coronavirus pandemic.<\/span><\/p>\n<\/div>\n<div>\n<p><span lang=\"en-GB\">The alarm was raised by the acquisition of British chip design outfit Imagination Technologies, whose tech is used in iPhones.<\/span><\/p>\n<\/div>\n<div>\n<p><span lang=\"en-GB\">The company was bought by Canyon Bridge Partners, a private equity outfit based in the Cayman Islands.\u00a0 But 99 percent of the funds for the purchase came from China Reform, a state-backed Chinese company.<\/span><\/p>\n<\/div>\n<div>\n<p><span lang=\"en-GB\">Analysts say the Imagination acquisition was just part of an incremental process where technology has been moved out of the UK and towards China<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: The UK Government is planning new measures to restrict foreign takeovers of high-tech industries on national security grounds. Security experts have cautioned the UK Government that it has been late to address the issue. This comes amid growing concern about the risk of China buying high-tech companies, especially in the economic turmoil resulting from &#8230; <a title=\"British Govt. Unveils Plan To Halt  Foreign High-Tech Takeovers\" class=\"read-more\" href=\"https:\/\/staging.strixdevelopment.net\/smartoffice\/2020\/06\/22\/british-govt-unveils-plan-halt-foreign-high-tech-takeovers\/\" aria-label=\"Read more about British Govt. Unveils Plan To Halt  Foreign High-Tech Takeovers\">Read more<\/a><\/p>\n","protected":false},"author":47,"featured_media":97859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[153,8,69,25,26],"tags":[546,547,94],"class_list":["post-97857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-and-downloads-archive","category-hardware","category-news-archive","category-services","category-technology","tag-british-government","tag-high-tech-takeovers","tag-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>British Govt. Unveils Plan To Halt Foreign High-Tech Takeovers - Smart Office<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.strixdevelopment.net\/smartoffice\/2020\/06\/22\/british-govt-unveils-plan-halt-foreign-high-tech-takeovers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"British Govt. Unveils Plan To Halt Foreign High-Tech Takeovers - Smart Office\" \/>\n<meta property=\"og:description\" content=\"LONDON: The UK Government is planning new measures to restrict foreign takeovers of high-tech industries on national security grounds. Security experts have cautioned the UK Government that it has been late to address the issue. This comes amid growing concern about the risk of China buying high-tech companies, especially in the economic turmoil resulting from ... 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