LONDON (Reuters) – The West needs to do more to stop China buying up strategic technology including companies such as British semiconductor chip designer Imagination Technologies, the former head of Britain’s MI6 foreign intelligence service said on Thursday.
The British government should seek every mechanism to prevent the removal of the technology base of Imagination Technologies to China, including seeking a Western buyer for the company, British lawmakers have said.
John Sawers, the chief of Britain’s Secret Intelligence Service, or MI6, from 2009 to 2014, said China was seeking to expand its global clout, though it was not the same existential threat that the Soviet Union once was.
“I don’t think it’s an existential threat in the way the Soviet Union was in the Cold War but nevertheless there is going to be deep rivalry over control of technology,” Sawers told Sky. “We have more to do in the West to make sure we are independent of China.”
“We need to do more to protect Western technology from being bought up by Chinese companies and I think the efforts being made to ensure Imagination isn’t pulled out of the UK and bought up by China is the right thing to do.”
Imagination Technologies, which like larger rival ARM Holdings was one of the jewels in Britain’s technological crown, was bought by private equity firm Canyon Bridge in 2017. Canyon Bridge is in turn backed by Chinese state-owned China Reform holdings.
Here is the truth of what China wants! The attached link shows clearly the path they want to gain World Dominance! They have various Virus’s they plan on releasing to bring the world to their knees! Please view this report on the dangers of China’s aggression through the use of Virus’s!
https://israelunwired.com/origin-wuhan-coronavirus/
The Western nations, Japan, Russia, should have nothing to do with China after this coronavirus pandemic. It is likely this was not an accident. It was one of their calculated schemes to slowly but surely destroy us.
Actually, China is a greater threat than Russia. They are devious, look at the long game and you will never get truth from them. They will not stop until they control the world’s economies. You do not have to be that observant to see that they are expanding their military in size and New technology. Much of it stolen or acquired by less than honorable means. We must stop trading with them, expel all Chinese nationals and freeze all of their assets.
OR STEALING IT!
Nationalize everything the ChiCom’s have bought in every country!!! Only after each country has removed themselves (companies/businesses) from China!
Create huge incentive programs to rebuild what product we were getting from the ChiCom’s! Most of these should be small business loans with renewable extensions and addition loans.
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