Computer Business Review
The company is yet to decide upon the offer.
Digital image chip developer, OmniVision, has received a non-binding buy-out proposal from a group of Chinese investors led by Hua Capital Management.
The investors are willing to buy OmniVision for $29 per share, which would value the company at $1.67bn.
OmniVision develops chips for cameras and smartphones, and Apple also uses OmniVision's chip for its iPhone.
The company is directly competing against Asian tech giants like Samsung, Himax and Sony Technologies.
OmniVision, in its blog, stated that the company's board of directors are evaluating the proposal, but have not made any decision yet.
If the company accepts the offer, the deal will be scrutinised by the Committee on Foreign Investment in the United States (CFIUS) due to security concerns.
Chinese investment firms have been showing interest in US chip making companies like Montage Technology Group and RDA Microelectronics and in the past.
CommentsPost a comment
Comments may be moderated for spam, obscenities or defamation.
Trending on CBR
Data Quality Essentials: A Project Manager's Guide to Data Quality
This paper is aimed at project managers and describes the step-by-step process for implementing data quality as part of a project. While...
This paper examines the ways in which organisations can tap into Web 2.0 interaction as part of the marketing strategy and tactics to create...
OVUM Butler Group Technology Audit: dynaTrace Continuous APM
dynaTrace Continuous APM is an application performance management solution that enables organisations to isolate and fix application performance...
ECM or best of breed WCM
Different technologies for different needs. SDL Tridion is a best of breed vendor that provides persuasive web content management solutions that...
The way applications are built today has fundamentally changed. A new generation of application performance management (APM) is required. dynaTrace...
DataFlux - Data Management Technology
DataFlux enables business agility and IT efficiency by providing innovative data management technology and services that transform data into a...
BCS - Enabling the Information Society
Established in 1957, BCS, The Chartered Institute for IT, promotes wider social and economic progress through the advancement of information...
Mimecast is a rapidly expanding Software as a Service (SAAS) company. We provide an online technology platform that radically improves the way...