Aurora Optoelectronics, a Chinese manufacturer of fibre optic products, is paying Rmb7.2 billion $1.1 billion for a controlling stake in Dutch semiconductor manufacturer Ampleon, making a rare overseas play in an otherwise quiet year for Chinese outbound mergers and acquisitions.
That said, it's buying the stake from state-backed investment fund China Jianyin Investment.
The transaction will see Shanghai-listed Aurora Optoelectronics take control of the company, which was spun off from NXP Semiconductors formerly Philips Semiconductors and currently the subject of a takeover bid from Qualcomm in 2015, as well as its 1,250 employees globally.
Aurora Optoelectronics is buying a 77.41% stake from China Jianyin...
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