Aurora Opto pays $1.1b for Dutch chip maker

The deal is a rare European foray by a Chinese buyer in what has been a relatively subdued year for outbound M&A. It is also buying the firm from another Chinese entity.

Aurora Optoelectronics, a Chinese manufacturer of fibre optic products, is paying Rmb7.2 billion ($1.1 billion) for a controlling stake in Dutch semiconductor manufacturer Ampleon, making a rare overseas play in an otherwise quiet year for Chinese outbound mergers and acquisitions.

¬ Haymarket Media Limited. All rights reserved.

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