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China/France: Chinese chip producer buying Linxen for €2.2b

 |  July 25, 2018

China’s top state chip manufacturer, Tsinghua Unigroup, has signed a deal to acquire French smart chip components maker Linxens for about €2.2 billion (US$2.6 billion), five people with direct knowledge of the matter said.

Tsinghua’s acquisition of Linxens from private-equity group CVC is still pending regulatory clearance, three of the sources told Reuters, adding regulators in France, Germany, and the company’s union need to approve the deal.

Linxens makes connectors crucial for communication between smart cards and electronic readers as well as antennas and inlays for applications such as contactless payment, transport, and access.

Full Content: Reuters

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