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MPs raise alarm as Chinese private equity sets its sights on UK tech

But there are now added fears that the Covid crisis – which has wiped billions off the value of UK companies – could trigger a wave of attempts by Chinese private equity firms and other predators to pounce on cutting-edge groups on the cheap.  This could lead to a brain drain with highly skilled British jobs and intellectual property flowing overseas. Conservative MP Bob Seely, who sits on the Commons foreign affairs committee, said: There is a problem with private equity anyway but weve g...
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British MPs Led By Former Conservative Party Leader Iain Smith Urge Government To Block Acquisition Of Country's Largest Chip Plant By Chinese Company

British MPs Led By Former Conservative Party Leader Iain Smith Urge Government To Block Acquisition Of Countrys Largest Chip Plant By Chinese Company by Swarajya Staff - Jul 19, 2021 04:10 AM Iain Duncan Smith Snapshot Iain Duncan Smith, a member of parliament and the former leader of the Conservative Party has said that the United Kingdom government should have moved to block the purchase of Newport Wafer Fab, the countrys largest computer chip plant by Nexperia, a Chinese-owned company. Dunca...
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Could hydrogen power turn air travel green? | The Spectator Australia

Have you been scanning airline websites for exotic destinations to which your double-jabbed status might allow you to slip away in August? I certainly have, but I’ve ruled out the parts of Canada and the United States that are stricken by record-breaking heatwaves and forest fires — and I’m wondering what impact such extreme climate events will have on the aviation industry as it struggles back to life after the pandemic. Having survived a year of near-total shutdown, I suspect it will no...
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Takeover talk sends shares in cyber security firm Avast up 18%

A takeover by Nasdaq-listed Norton would also strip London of another heavyweight technology company after the sale of Arm to Japans Softbank in 2016 and Imagination Technologies to Chinas Canyon Bridge last year. Avasts shares rocketed by 18.1 per cent, or 91.4p, to 595.6p yesterday – taking its stock market value to £6.1billion. Berenberg analysts said Avast could be worth as much as £8.4billion. Co-founders Eduard Kucera and Pavel Baudis own a 37.5 per cent stake – which rose in value ...
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U.K. Sold Off $42 Billion of Semiconductor Firms Before Review

Andrew Pyles Top Picks: July 9, 2021 U.S. stocks climb to all-time highs while bonds retreat John Zechners Top Picks: July 8, 2021 Meme stocks are on brink of bear market as retail frenzy fades Banks poised for 13% dividend boost when OSFI allows Brian Maddens Top Picks: July 7, 2021 Dennis Da Silvas Top Picks: July 6, 2021 Ross Healys Top Picks: July 5, 2021 Telus, Enbridge greenium boosts sustainability-linked bonds Alex Ruus Top Picks: July 2, 2021 Were #28! TSX rides commodity rally to outp...
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The Chinese firm behind the acquisition of the UK's largest chip plant is state backed, analysis shows

The Chinese firm behind the acquisition of the UK’s largest chip plant is state backed, analysis shows CNBC 18 hrs ago Sam Shead Wingtech Technology is heavily backed by the Chinese Communist Party, according to analysis from Chinese investment screening specialists Datenna. Wingtech is the Chinese owner of Dutch chip firm Nexperia, which confirmed on Monday that it plans to buy the U.K.s largest chip plant. Almost 30% of Wingtechs shares can be traced back to the Chinese g...
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Source: msn.com

HW News - Dell Class Action Lawsuit, NVIDIA DLSS on Linux, AMD x Samsung GPUs

This week, we can finally look forward to official news on the long-brewing Windows 10 update, code named Sun Valley, as Microsoft has officially named an event where it will disclose major changes coming to Windows. We also have major news in the form of TSMC’s Technology Symposium 2021, and a new lawsuit against Dell, targeting alleged false advertising for its Alienware Area-51M R1 laptop.
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