Beijing Shanhai Capital Management Co, Ltd. (Shanhai Capital) is to acquire Analogix Semiconductor Inc for over $500 million, subject to the usual regulatory approvals and the deal is expected to be finished in late 2016. China Integrated Circuit Industry Investment Fund Co., Ltd. (China IC Fund) also joined Shanhai Capital’s fund as one of the limited partners along with a number of VC funds. Analogix has been developing interface chips for DisplayPort, with its SlimPort family of products. The majority of Analogix engineering team is in Beijing and its customers include Apple, Samsung, LG, Microsoft, Google, Lenovo, Dell, HP, Asus, and HTC.
“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.”