China photoelectric good news again and again: acquisition case was approved by CFIUS, subsidiary tonic

HC semitek yesterday (9) morning disclosure, in May 9th the company received the confirmation letter of CFIUS, the company acquired the harmonious core optical (Yiwu) Photoelectric Technology Co., Ltd. 100% stake, and harmonious core photonic company acquired 100% stake in Inc. MEMSIC, has passed the CFIUS audit.

China photoelectric this move is considered by the industry in recent years, China's semiconductor industry overseas mergers and acquisitions activities in a major event, CFIUS audit is one of the key. According to sources close to the company, through the CFIUS audit, this acquisition has almost no barriers, and the rest is only in accordance with the regulations to complete the corresponding procedures.

Back to the announcement, October 2016, China optoelectronic announced a major asset restructuring plan, intends to buy 100% stake in harmony photoelectric, so as to achieve the purpose of acquisition of Target Corp MEMSIC. MEMSIC is able to use standard CMOS technology to achieve mass production of MEMS company, using standard CMOS integrated circuit technology of single chip integrated MEMS and ASIC circuit, combined with the standardization process of MEMS structure and CMOS in wafer manufacturing process, can use existing equipment and is compatible with CMOS process. The prepared sensor is small light weight, low cost, mass production and application fields of consumer electronics, automotive electronics, industrial control etc..

According to reports, after the completion of the acquisition, Hua photoelectric will be able to quickly access the broad field of MEMS sensors. The field of MEMS sensor as a segment of the industry in the semiconductor industry, has a broad application prospect in aviation, aerospace, automotive, biomedical, environmental monitoring, military and daily life in common with consumer electronics, intelligent era, the rapid development of consumer electronics, medical electronics, networking is expected to drive the MEMS sensor to enter a new round of rapid growth period.

In addition, HC semitek also announced that a wholly owned subsidiary of HC semitek (Zhejiang) Co., Ltd. recently received the first quarter of 2017, the industrial development grant funds 37 million 500 thousand yuan; the company's two subsidiaries (Yiwu) Co., Ltd. langene technology recently received a quarter of 2017 industrial development grants 12 million 500 thousand yuan, the subsidy payments will be generated a positive impact on the performance of the company in 2017.

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