(Yicai Global) Nov. 23 -- Aurora Optoelectronics Co. [SHA:600666], based in China's northern Heilongjiang province, intends to indirectly acquire a 77.41 percent share of the Dutch semiconductor manufacturer Ampleon Coöperatief UA with CNY7.19 billion (USD1.09 billion).
Aurora plans to purchase a Hefei-based investment company, which indirectly holds 77.41 percent of Ampleon's equity through its Hong Kong holding subsidiary, Aurora said in a press briefing yesterday. The remaining equity is held by China Wealth Growth Fund II LP.
Ampleon separated from Dutch semiconductor giant NXP Semiconductors NV [NASDAQ:NXPI] in May 2015 and is mainly responsible for the company's radio frequency (RF) power chip business. Its products are widely applied in aerospace, lighting, energy transmission and other fields.
The firm held a 24.1 percent share of the global radio frequency (RF) power semiconductor market worldwide in 2015, ranking second. Its customers include Samsung Electronics Co. [KRX:005930], Siemens Aktiengesellschaft [NYSE:SI], NEC Corporation [TYO:6701] and Huawei Technology Co. as well as well-known enterprises globally.
Aurora will also raise up to CNY2.3 billion for the development of Ampleon's products and projects through non-public offering.