Shanhai Capital Finalises Analogix Purchase

Beijing Shanhai Capital Management Co, Ltd. (Shanhai Capital), said that it has finalised the purchase of Analogix Semiconductor for around $500 million. China Integrated Circuit Industry Investment Fund Co., Ltd. (China IC Fund) joined Shanhai Capital’s fund as one of the limited partners.

“We are very pleased to have completed the transaction,” said Dr. Kewei Yang, Analogix Semiconductor’s chairman and CEO. “Enhanced by the strong financial support of our new investors, Analogix’s future is brighter than ever. We are excited to continue building and growing Analogix into a global leader in high-performance semiconductors.”

Analyst Comment

Analogix is, of course, one of the key companies in the DisplayPort development. Over recent years, it has clearly looked for new businesses such as its Nano-console. (BR)