Sanan Optoelectronics to buy GCS for $226m

Chinese LED maker’s offer for the US firm is yet another example of China’s huge acquisitive interest in foreign semiconductor assets but may face regulatory hurdles.

Sanan Optoelectronics to buy GCS for $226m

China’s huge acquisitive interest in foreign semiconductor business does not seem to be cooling down despite a slowing domestic economy. In fact, Chinese enterprises may now have more pressure to adopt the “go-abroad” strategy to stimulate growth.

Shanghai-listed Sanan Optoelectronics, China’s biggest LED manufacturer by production volume, is the latest company to response to Beijing’ call to buy foreign semiconductor assets. On Friday, the company offered to fully acquire California-based semiconductor wafer maker Global Communication...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES