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Consortium buys US chip producer OmniVision

By Emma Gonzalez | China Daily | Updated: 2015-05-05 07:18

Purchase seen as part of larger shift in industry's supply chain, manufacturing

A Chinese consortium led by private equity firm Hua Capital Management has announced the acquisition of the United States-based smartphone and tablet chipmaker OmniVision Technologies Inc for $1.9 billion.

The Chinese investor group, which also includes investment management firm CITIC Capital Holdings Ltd and Hong Kong-based GoldStone Investment Co Ltd, will pay $29.75 per share for the company.

Consortium buys US chip producer OmniVision

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