SmartSens closes $478M private placement for CMOS image sensors
What's the deal? Chinese chipmaker SmartSensDealroom has a profile for this one. Try Dealroom → has completed a private placement raising about US$440M (roughly $478 million). The company priced the share issue at US$12 each, selling 36.76 million shares.
Who's backing it? SmartSens received subscription bids from 37 parties, with 11 institutions ultimately winning allocations. The group spans a national semiconductor industry fund, listed supply-chain companies, state-owned long-term capital, leading private funds, and offshore institutions.
What's the endgame? SmartSens designs and develops CMOS image sensor chips, the components that convert light into digital signals in cameras. It positions itself as a global supplier of these sensors.
The signal: The breadth of backers — from a national industry fund to foreign institutions — points to continued state and private appetite for China's domestic chip ambitions.
Read more: itjuzi.com
Image credit: Janitors
