Shanhai Capital and Analogix Semiconductor jointly announced that the two parties have reached a final agreement under which a consortium led by Shanhai Capital will acquire all outstanding shares of Analogix Semiconductor for over USD500 million.

The National Integrated Circuit Industry Investment Fund will also join Shanhai Capital as one of the limited partners. This deal is subject to the approval of related regulatory authorities and is expected to complete later this year.

Headquartered in California, Analogix Semiconductor's high-speed mixed-signal chips are used on mobile devices, VR/AR devices, and other high-performance electronics products. Most of Analogix Semiconductor's engineering resources reside in Beijing and its clients include Apple, Samsung, LG, Microsoft, Google, Lenovo, Dell, HP, Asus, and HTC.

Analogix Semiconductor's existing investors include DCM Ventures, Globespan Capital Partners, Keytone Ventures, and Woodside Fund.