SmartSens Technology has wrapped up its acquisition and merger with Shenzhen-based Allchip Microelectronics, a provider of CMOS image sensors for automotive applications.

Financial terms of the transaction were not disclosed.

Allchip Microelectronics is engaged in the design and development of CIS video sensing technologies. Its products, which include a series of SOC image sensors, are said to be deployed widely in automobile cameras and other miniaturized video surveillance applications.

Dr. Richard Xu – Founder and CEO of SmartSens said: “The increasing adoption of image sensors in automobiles has brought new momentum to the imaging market. According to a projection by research firm Yole Développement, the volume of camera modules in the global automobile market will exceed 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.

“Our combined advantage — utilizing shared resources and technologies — will deliver a true win-win for us and our customers, for years to come.”

SmartSens Technology anticipates its acquisition and integration of Allchip Microelectronics to further enhance its cost structure and competitiveness in the automotive market while speeding up its innovation in smart car CIS solutions.

Based in Shanghai, the company supplies high-performance CMOS imaging systems across the world and is one of the leading players in the video surveillance industry. SmartSens Technology’s products are used in vehicle-mounted imaging, machine vision, and consumer electronics fields.

Mike Hu – former CEO of Allchip Microelectronics, who has been made VP of Technology at SmartSens Technology, said:  “We are thrilled to be part of the SmartSens family. We share the same set of core values, which emphasize the pursuit of technology innovation in service of our customers’ needs.

“We look forward to combining Allchip’s technical know-how in the automotive industry with SmartSens’ excellent business channel to successfully launch class-leading products for Automotive ADAS systems and other smart sensing applications.”

  Allchip Microelectronics, China, CMOS image sensors, Dr. Richard Xu, Mike Hu, Shanghai, Shenzhen, SmartSens Technology