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The British chip designer that Apple killed might soon be bought by a Chinese-backed fund

Josh Horwitz
The British chip designer that Apple killed might soon be bought by a Chinese-backed fund

The China-backed private equity fund that Trump just blocked from buying a US semiconductor firm over national security grounds has speedily found another option—buy British. On Friday, London-based chip designer Imagination Technologies announced it would sell itself to Canyon Bridge Capital for £550 million (about $744 million)—marking a 41.6% premium to the stock’s price at…