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...
