The supervisor of Imagination, Andrew Heath, said the takeover by China-upheld Canyon Bridge was a "decent result" and would guarantee it stayed in the UK.
It turns into the most recent UK chip creator to be purchased by an outside financial specialist.
A year ago, ARM, which outlines microchip innovation utilized as a part of Apple and Samsung cell phones, was purchased by Japan's Softbank for £24bn.
Ravine Bridge as of late raised $1.5bn (£1.1bn) from Chinese financial specialists and has workplaces in Beijing and San Francisco.
'English development'
The firm said it as of now has no plans to cut occupations at Hertfordshire-based Imagination after the takeover.
Beam Bingham, an accomplice at Canyon Bridge, stated: "We are putting resources into UK ability and skill keeping in mind the end goal to quicken the extension of Imagination, especially into Asia, where its innovation stage will lead the proceeded with globalization of British-created development."
Creative ability saw its offers split in esteem when Apple said in April that it would end an arrangement to utilize its items.
The two firms are as yet occupied with a disagreement regarding the move - with Imagination scrutinizing Apple's "statements" that it is ready to build up its own PC chip plans without rupturing Imagination's protected innovation rights.
Mac's sovereignty installments for the chip innovation, utilized as a part of its iPhones, iPads and iPods, represented about portion of Imagination's incomes.
The Trump organization blocked Canyon Bridge's endeavors to purchase a US tech firm
Mr Heath stated: "Creative energy has gained phenomenal ground both operationally and fiscally finished the most recent year and a half until the point that Apple's unverified affirmations and the consequent debate constrained us to change course.
"The procurement will guarantee that Imagination - with its solid development prospects - remains a free IP authorizing business, situated in the UK, however working the world over."
It is not Canyon Bridge's initially bargain for a Western tech organization.
The firm is looking for endorsement for a $1.3bn arrangement to get US chipmaker Lattice Semiconductor.
A week ago, the Trump organization banned the offer of Lattice to the Chinese-upheld organization, refering to national security dangers.Creative ability put itself available to be purchased in June after Apple, its biggest client, said it would quit utilizing its items.
The supervisor of Imagination, Andrew Heath, said the takeover by China-upheld Canyon Bridge was a "decent result" and would guarantee it stayed in the UK.
It turns into the most recent UK chip creator to be purchased by an outside financial specialist.
A year ago, ARM, which outlines microchip innovation utilized as a part of Apple and Samsung cell phones, was purchased by Japan's Softbank for £24bn.
Ravine Bridge as of late raised $1.5bn (£1.1bn) from Chinese financial specialists and has workplaces in Beijing and San Francisco.
'English development'
The firm said it as of now has no plans to cut occupations at Hertfordshire-based Imagination after the takeover.
Beam Bingham, an accomplice at Canyon Bridge, stated: "We are putting resources into UK ability and skill keeping in mind the end goal to quicken the extension of Imagination, especially into Asia, where its innovation stage will lead the proceeded with globalization of British-created development."
Creative ability saw its offers split in esteem when Apple said in April that it would end an arrangement to utilize its items.
The two firms are as yet occupied with a disagreement regarding the move - with Imagination scrutinizing Apple's "statements" that it is ready to build up its own PC chip plans without rupturing Imagination's protected innovation rights.
Mac's sovereignty installments for the chip innovation, utilized as a part of its iPhones, iPads and iPods, represented about portion of Imagination's incomes.
The Trump organization blocked Canyon Bridge's endeavors to purchase a US tech firm
Mr Heath stated: "Creative energy has gained phenomenal ground both operationally and fiscally finished the most recent year and a half until the point that Apple's unverified affirmations and the consequent debate constrained us to change course.
"The procurement will guarantee that Imagination - with its solid development prospects - remains a free IP authorizing business, situated in the UK, however working the world over."
It is not Canyon Bridge's initially bargain for a Western tech organization.
The firm is looking for endorsement for a $1.3bn arrangement to get US chipmaker Lattice Semiconductor.
A week ago, the Trump organization banned the offer of Lattice to the Chinese-upheld organization, refering to national security dangers.