(CTech) China’s chip designer and manufacturer Sanan Optoelectronics Co. Ltd. is in talks to acquire Israel-headquartered communication chips company ColorChip Ltd., according to people familiar with the matter. The deal discussed values the latter at around $300 million, the people familiar with the matter said.
Based in Xiamen City in China’s Fujian province, Shanghai-listed Sanan Optoelectronics designs and produces LED components as well as radio chips.
The planned-acquisition will be either participated by or conducted through a Sanan Group affiliated private equity fund called An Xin Capital LLP, the people familiar with the matter said.
Both Sanan Optoelectornics and An Xin Capital have been approached for comment bu…
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