US Chipmaker Analogix Semiconductor Is Now China Owned, Chinese IPO Is Next Step

An investor consortium led by Chinese private equity firm Beijing Shanhai Capital Management Co, Ltd. has completed its US$500 million acquisition of Analogix Semiconductor, Inc., a Santa Clara, California-headquartered chipmaker for portable devices such as smartphones, cards and displays.

China Integrated Circuit Industry Investment Fund Co., Ltd. (China IC Fund), is one of Shanhai Capital’s limited partners in the deal. The fund was established in 2014 by CDB Capital, China Tobacco, China Mobile and other state-owned enterprises to invest and help advance the country's semiconductor industry.

"As Analogix’s key financial partner and investor, we look forward to leveraging our resources to accelerate the company’s growth into new markets,” said Zhao Xianfeng, chairman of Shanhai Capital, in Continue Reading the Entire Article Here >>

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