LONDON, April 17 — The Chinese-backed owners of Imagination Technologies told the British government today the chip designer would remain headquartered in the United Kingdom, a source with knowledge of the matter said.

Private equity firm Canyon Bridge, which is backed by Chinese state-owned China Reform holdings, also committed to maintain a dialogue with the British government over future board appointments at Imagination Technologies, the source said.

Imagination Technologies, once a jewel in Britain’s technological crown, was bought by Canyon Bridge in 2017.

Canyon Bridge representatives had a conference call with Britain’s culture minister, Oliver Dowden, today, sources with knowledge of the situation said. — Reuters