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Unisplendour Guoxin Microelectronics announced a plan to acquire Linxens for 18 billion yuan ($2.6 billion) to strengthen its smart card and security chip business.
Chinese chipmaker Tsinghua Unigroup snapped up French component-maker Linxens with a majority interest at 18 billion yuan.
Chinese chip maker Tsinghua Unigroup has signed a deal to acquire French smart chip components maker Linxens from CVC for about €2.2 billion ($2.6 billion). The deal is pending regulatory clearance.