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.

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 Semiconductors for $226 million.

According to its announcement on the Shanghai stock exchange, Sanan intends to purchase the company by acquiring its Taiwan-listed holding firm GCS Holdings, including all common shares and...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222