Lattice Power hunts for overseas M&A

A major Chinese chipmaker is hunting for overseas acquisitions in the LED sector as it bids to expand globally.

The head of Chinese Lattice Power Corp confirmed the group is looking to buy foreign companies involved in the light-emitting diode, or LED, industry.

This is the semiconductor technology behind lights in cell phones, tablets, PCs and televisions, as well as flashlights, car headlights and traffic signals.