Analogix, the Santa Clara HDMI connectivity specialist, has been bought by Beijing Shanhai Capital Management and China Integrated Circuit Industry Investment Fund for $500 million.
Customers for its mixed-signal semiconductor ICs for display applications include Apple, Samsung, LG, Microsoft, Google, Lenovo, Dell, HP, Asus, and HTC.
The majority of the company’s engineering operations are located in Beijing.
Current investors include leading venture capital firms: DCM Ventures, Globespan Capital Partners, Keytone Ventures, and the Woodside Fund.
“The financial support of Shanhai Capital propels our growth while maintaining the direction, organization, and determination to serve our customers,” says Analogix CEO Kewei Yang, “we all share the same vision of building Analogix into a much broader and more capable global semiconductor leader.”
“We are pleased to establish our relationship with Analogix, a company whose technology leadership is recognized by the world’s leading OEMs, and we look forward to facilitating Analogix’s continued growth,” says Xianfeng Zhao, Chairman of Beijing Shanhai Capital Management, “with the added investment, we can leverage the strength of the company’s core technology and business expertise, extend our business into adjacent high-growth markets, and build a world-leading semiconductor company. We expect an IPO in China in the near future.”