China Cantor

A leading UK-based company, to be called to answer on Tuesday of the Deputy relates to questions about the safety.

There Are fears that the Chinese owner of Imagination Technologies has increased efforts to transfer the ownership of sensitive security software for company, controlled by China .

the legislature's concern of the coronavirus crisis, the distraction of attention from the controversial technology transfers.

The Fear is that Networks in the UK, Europe and the United States could be at risk.

in an interview with The Bbc , Tom Tugendhat , the Chairman of the Foreign Affairs Select Committee, said he was concerned that the technology developed by Imagination Technologies , based in Hertfordshire, could be used to fine-tune the design of the so-called "backdoors" in the strategically important digital infrastructure.

"The World has changed, and companies, especially tech companies Are on the Front lines," said Lord Tugendhat.

"writes the Who code that writes The Rules for The World , More Than any regulation passed by bureaucrats. There is no point in taking back control from Brussels, only to deliver it to Beijing. "

Imagination Technologies has been acquired by a US, but with the Chinese state investment company called Canyon bridge in September 2017, which is, in turn, called in the possession of a Chinese state investment Fund China -Reform.

Lord Tugendhat, said Theresa May , the government approved the acquisition on the basis that Canyon bridge was licensed and regulated by U.S. law.

Since then, it has moved its headquarters to the Cayman Islands , and as such the US is no longer a controlled company.

have Several executives, such as chief executive Ron Black, resigned recently, citing concerns about The Future direction and ownership of The Company .

Chief product officer, Steve Evans , chief technical officer, John Rayfield, also recently resigned.

Mr Evans, said in his resignation letter: "I am part of a company that is effectively controlled by the Chinese government. "

the attempt of China 's Reform to the stage boardroom coup ten days ago by the appointment of the four Directors were canceled, but the exploration comes amid renewed concern that the Chinese owner of the imagination prepares a fresh attempt to transfer of sensitive technology and patents to the people's Republic of China .

as well as the design of graphics and Virtual Reality software for computer chips, the industry experts say that the imagination also produces software that can detect whether any weaknesses in sensitive digital Networks - so-called "backdoors" Are the result of error or intention.

the UK has already approved The Limited use of Chinese-owned Huawei devices, the promise of a better connectivity for use in Autonomous cars, utilities, power plants, National Health service, and Many others.

There is no question that Huawei is directly connected with the imagination, or the ultimate owner - the government of China , the Reform-investment-Fund.

The Call for evidence comes A Day after the EU competition chief Margrethe Vestager warned that the companies, Many of which were in the EU - or Are pushed to The Brink of bankruptcy by the economic effects of the Coronavirus Are prone to the acquisition of Chinese companies.

In the UK, the Ministry of Finance is considering to take the plans for The State owned and shares in thousands of companies, in order to prevent mass bankruptcies of companies unable or not ready to take on additional debt.

The Situation is more delicate than Many EU States Are grateful for donations of virus-fighting equipment from China accept. The country, what seems to be the "First In - First out", just got out of a crisis that it bore the First brunt.

Neither Imagination Technologies nor its owner, China 's Reform returned The Bbc 's request for comment.

Source of news: bbc.com