JTA NEWS
21 November 2018 - 14 Kislev 5779 - י"ד כסלו ה' אלפים תשע"ט
JTA NEWS :
Chinese company in talks to acquire Colorchip E-mail

China’s Sanan Optoelectronics is reportedly in talks to acquire Israeli chip-maker ColorChip for around US$300 million.

The proposed acquisition will be conducted using Sananaffiliated private equity fund An Xin Capital. ColorChip raised US$37 million in 2017 from investors including CIRTech fund.

ColorChip was founded in 2000 by Eli Arad, who serves as VP Research and Development; Shimon Eckhaus and Prof. Shlomo Ruschin. The company’s CEO is Yigal Ezra.

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