Huawei bolsters UK presence with tech deal

Networking giant joins two others to invest $26.2m in Bristol-based chip designer

Huawei Technologies Co Ltd has made its first equity investment in a British technology company as the Chinese networking and telecommunications giant looks to boost its consumer business by tapping into the market potential of Internet of Things, said analysts.

The Shenzhen-headquartered Huawei Technologies has joined with Robert Bosch Venture Capital GmbH of Germany and Xilinx Inc from the United States to invest a total of $26.2 million into XMOS Ltd, a Bristol-based semiconductor company and a leader in intelligent multicore microcontrollers.