Clearwater International China advises Dongwoon Anatech on the cross-border sale of its integrated circuit (IC) technology business to Shenzhen Challenge Technology and formation of a joint venture
Founded in 1987 and listed on KOSDAQ in 2015, Dongwoon Anatech is a leading Korean analog semiconductor company which is active in both South Korea and international markets. The business offers auto focus driver ICs for mobile cameras, mobile BLU, power management, LED flashes, charging batteries, and various linear, DC/DC and Power Factor Correction (PFC) applications.
Shenzhen Challenge Technology is a leading Chinese electronics and transmission parts company, founded in 2000 in Shenzhen, China. It has strong competence in the semiconductor industry and close relationships with Chinese smart phone brands and panel suppliers.
Due to the rapid growth potential in the semiconductor sector in China, Dongwoon Anatech engaged Clearwater International China to divest its IC technology and IC related global business and also form a joint venture with Shenzhen Challenge Technology to jointly explore this market. The combination of Dongwoon's technology and Shenzhen Challenge's market access makes a winning combination for both parties.