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Shanhai Capital to Acquire Analogix Semiconductor
|By Business Wire
|September 22, 2016 08:00 PM EDT
Semiconductor, Inc. and Beijing Shanhai Capital Management Co, Ltd.
(Shanhai Capital), today jointly announced that they have entered into a
definitive merger agreement under which a consortium led by Shanhai
Capital will acquire all of the outstanding shares of Analogix for over
$500 million. China Integrated Circuit Industry Investment Fund Co.,
Ltd. (China IC Fund) also joined Shanhai Capital’s fund as one of the
limited partners. The transaction is subject to regulatory approvals and
is expected to close in late 2016.
Analogix’s high-speed, mixed-signal semiconductor integrated circuits
(ICs) for high-performance display applications are used in mobile
devices, virtual/augmented reality (VR/AR), and other high-performance
electronic products from leading electronics brands including Apple,
Samsung, LG, Microsoft, Google, Lenovo, Dell, HP, Asus, and HTC. The
company is headquartered in Santa Clara, California, and the majority of
its engineering operations are located in Beijing, China. Current
investors include leading venture capital firms: DCM Ventures, Globespan
Capital Partners, Keytone Ventures, and the Woodside Fund.
“We are very happy to have reached this agreement, which provides
significant value to our shareholders,” said Dr. Kewei Yang, Analogix
Semiconductor’s chairman and CEO. “The financial support of Shanhai
Capital propels our growth while maintaining the direction,
organization, and determination to serve our customers. I am especially
excited that we all share the same vision of building Analogix into a
much broader and more capable global semiconductor leader.”
“We are pleased to establish our relationship with Analogix, a company
whose technology leadership is recognized by the world’s leading OEMs,
and we look forward to facilitating Analogix’s continued growth,” said
Mr. Xianfeng Zhao, Chairman of Beijing Shanhai Capital Management Co,
Ltd. “With the added investment, we can leverage the strength of the
company’s core technology and business expertise, extend our business
into adjacent high-growth markets, and build a world-leading
semiconductor company. We expect an IPO in China in the near future.”
About Analogix Semiconductor
Analogix Semiconductor, Inc. designs and manufactures semiconductors for
the digital multimedia market, from portable devices such as smartphones
to high-end graphics cards and large, high-definition displays. Analogix
is the market leader in providing end-to-end interface connectivity
semiconductor solutions for DisplayPort, including the SlimPort family
of products, and an industry leader in mobile display controllers, such
as low-power, high-speed timing controller solutions. The DisplayPort
standard is an innovative, packetized digital interface for
high-resolution video and audio that was developed by the Video
Electronics Standards Association (VESA). SlimPort branded products are
compliant with DisplayPort, Mobility DisplayPort (MyDP), and DisplayPort
Alternate Mode over the USB Type-C connector.
For more information visit www.analogix.com
follow us on Twitter @Analogix
or connect with us on LinkedIn.
About Beijing Shanhai Capital Management Co, Ltd.
Headquartered in Beijing, China, Shanhai Capital is a pioneer buyout
fund in healthcare and technology managing RMB-denominated funds. Its
investment professionals have deep industry knowledge and are dedicated
to a long-term investment horizon portfolio. By leveraging its resources
and expertise, Shanhai Capital brings value-added services and
accelerates the growth of its portfolio companies.
Analogix and SlimPort are trademarks or registered trademarks of
Analogix Semiconductor, Inc. All other trademarks and trade names are
the property of their respective owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160922005385/en/
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