Home Investment China’s investment spree in UK gave it access to military-grade technology, BBC told
Investment

China’s investment spree in UK gave it access to military-grade technology, BBC told

Share


However, in 2019, Mr Black says he was summoned to a meeting in Beijing, where he was asked to work directly for China Reform, and oversee the wholesale transfer of Imagination’s technology and expertise to China.

“I think [the China Reform representative] said specifically ‘from the heads of the British engineers to the Chinese engineers, then lay off the British engineers and you’ll make a lot of money’,” says Mr Black.

He refused, but he says that several months later, China Reform tried to install four new directors “with no understanding of semiconductors” directly onto the board of Imagination Technologies.

“The only attributes they appeared to have was a relationship with China Reform,” he adds.

Convinced that Imagination’s technology had the capacity to be used for military purposes, Mr Black began reaching out to contacts in the UK government.

He says he was given a sympathetic hearing, but was told this was a private industry matter, and there was not much anyone could do.

Fearful about the possible transfer of military-grade technology, Mr Black resigned. At that point, he says, the UK government started to take an interest, and China Reform halted its attempt to install new directors.

Mr Black withdrew his resignation but was fired three days later. He was later found by an employment tribunal to have been unfairly dismissed.

After he left the company, Imagination’s homegrown technology was transferred to China.



Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Investment

Private equity faces existential crisis in US as unsold companies pile up | Business

Retail stalwarts Saks and Eddie Bauer filed for bankruptcy. Kmart and JoAnn...

Investment

UK Property Market Trends to Watch in 2023

Last week’s property market figures tell a rather different story to the...

Investment

What do rising bond yields mean for you?

Bonds are central to the global financial system, and when their yields...

Investment

How will bond market turmoil affect your mortgage, pension and savings in UK? | Bonds

The bond market sell-off has sparked fresh fears of higher borrowing costs...