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Image sensor maker OmniVision sold for $ 1.9 billion
01.05.2021 [13:12],
Sergey Yurtaykin

Taiwanese company OmniVision Technologies, which makes chips for digital cameras of smartphones and tablets, sold to Chinese investors for $ 1.9 billion in cash. The corresponding official statement was made on Thursday, April 30.

Chinese private equity firms Hua Capital Management, CITIC Capital Holdings and GoldStone Investment will pay OmniVision shareholders $ 29.75 for each security they own, 12% more than the market value when trading on NASDAQ closed on Wednesday. In 2021, the company’s quotes grew by more than a third, which, incidentally, was facilitated by rumors about the sale.

ovt.com

In August last year, the media reported that a group of Chinese investors led by Hua Capital Management had made an offer to OmniVision to buy the company. Then it was about the amount of $ 1.64 billion.

OmniVision develops image sensors used, in particular, in cameras of mobile devices, and has partnered with many major brands, including Apple. OmniVision’s competitors are Sony, Samsung and Himax Technologies. The main center for development and testing of OmniVision products is located in China, in this country the Taiwanese manufacturer receives 80% of the total revenue.

appleinsider.com

OmniVision is slated to close in Q3 or Q4 of fiscal 2021. Shareholders and regulatory bodies will announce their decisions in advance. CEO Shaw Hong is not expected to leave.

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