Global Sources
EE Times-Asia
Stay in touch with EE Times Asia
 
EE Times-Asia > Sensors/MEMS
 
 
Sensors/MEMS  

China firm offers to buy Omnivision

Posted: 21 Aug 2014  Print Version  Bookmark and Share

Keywords:Omnivision Technologies  Hua Capital Management  CMOS  image sensor  Apple 

Omnivision Technologies Inc., a maker of CMOS image sensors, has received a take-over bid from Hua Capital Management Ltd (HCM), A Chinese investment management company, at $29 a share, which would value the company at about $1.64 billion.

The investment group led by HCM includes Shanghai Pudong Science and Technology Investment Co. Ltd, a wholly state-owned limited liability company, established directly under the Pudong New Area government of Shanghai.

In 2012, Omnivision was second placed of a top-three vendors of CMOS image sensors that comprised Sony, Omnivision and Samsung with 21, 19 and 18 per cent of the $6.9 billion market, respectively. Omnivision has supplied Apple with back-side illuminated CMOS image sensors for its iPhone and has a design centre and testing facility in Shanghai, China.

Omnivision's stock price climbed by 14 per cent to just over $28 on the news.

The company's board of directors said it was evaluating HCM's proposal.

- Peter Clarke
  EE Times Europe





Article Comments - China firm offers to buy Omnivision
Comments:  
*  You can enter [0] more charecters.
*Verify code:
 
 
Webinars

Seminars

Visit Asia Webinars to learn about the latest in technology and get practical design tips.

 
 
Back to Top