US digital imaging chipmaker
The proposed buyout values OmniVision at about
Attempts by Chinese firms to buy US technology companies in the past have faced immense scrutiny, especially due to cybersecurity concerns and fears of transfer of technology that could be used for military purposes.
"I think any Chinese investment in the US is going to be looked at carefully,"said
CFIUS, an interagency group chaired by the Treasury secretary, reviews deals that could bring US businesses under foreign ownership and is required by law to assess any transaction involving a State-owned firm.
The Chinese investment group, led by
Chinese State-owned investment firms have offered to buy several US-listed chipmakers in the past year, such as
"You have these political hurdles, of people being concerned about State-owned enterprises and people being concerned about chip-making technology going to
"I can't think of what else they could add to make it more difficult (to get CFIUS approval),"he said.
However, equity analysts at
The company has a design center and a testing facility in
The company is gaining market share against its key competitors in the Chinese smartphone market, helped by strong demand for image sensors and the lower cost of its products, Baird analysts wrote in a note last month.
The proposed offer price of
Most Popular Stories
- Michael Jackson, Freddie Mercury on Previously Unreleased Queen Cut
- 10 Things to Know About Alibaba
- Concur Sold to SAP for $8.3B
- Five Steps to Protect Yourself from Data Breaches
- Chrysler Recalls Nearly 189,000 SUVs
- Federal Probe Finds Christie Did Not Order 'Bridgegate'
- Intruder Gets into White House
- HCL America Adding 1,200 IT Jobs
- Longtime Unemployed to Get Help in Las Vegas
- Medical Mfg. Jobs Coming to Dayton