SmartSens Technology today announced its completed acquisition and merger with Shenzhen-based Allchip Microelectronics — a specialist in CMOS image sensors for automotive applications.” data-reactid=”12″>SHANGHAI, June 19, 2020 /PRNewswire/ — SmartSens Technology today announced its completed acquisition and merger with Shenzhen-based Allchip Microelectronics — a specialist in CMOS image sensors for automotive applications.
Allchip focuses on the design and development of CIS video sensing technologies. Its products, which include a series of SOC image sensors, have been widely deployed in automobile cameras and other miniaturized video surveillance applications.
US$8B by 2025. Our acquisition of Allchip Microelectronics is a strategic move for SmartSens that will significantly broaden our leadership and capacity in addressing this market,” said Dr. Richard Xu, Founder and CEO of SmartSens. “Our combined advantage — utilizing shared resources and technologies — will deliver a true win-win for us and our customers, for years to come.”
Mike Hu, current VP of Technology at SmartSens and former CEO of Allchip. Mr. Hu is a veteran in CMOS image sensor field since his key role in BYD Microelectronics time as the Chief Technology Officer back in ten years ago.
SmartSens expects its acquisition and integration of Allchip further improve its cost structure and competitiveness in the automotive market while accelerating its innovation in smart car CIS solutions.
Shanghai and Beijing among others, the company focuses on providing future-oriented solutions and market-leading products. Coupled with cutting-edge technology and innovation, SmartSens is the industry’s first ever company to introduce the global shutter CIS sensors based on voltage domain architecture and stack BSI process. Since its founding, SmartSens has been committed to providing customers with high-quality smart sensors. Learn more at SmartSensTech.com.
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SOURCE SmartSens Technology