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China-backed fund shunned by Trump set to buy UK chip-maker

Canyon Bridge Capital Partners, the China-backed buyout fund that was barred last week from buying a US chip-maker by President Donald Trump, has announced it will purchase British chip designer Imagination Technologies Group Plc. The all-cash £550 million (US$742.5 million) deal to buy Imagination shows Canyon Bridge remains focussed on investing in Western chip-makers after […]