SmartSens Technology, a leading supplier of high-performance CMOS imaging systems, has announced the acqusition of 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.
According to Dr. Richard Xu, Founder and CEO of SmartSens, 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$ 8 Billion by 2025.
The acquisition of Allchip Microelectronics is a strategic move for SmartSens that will significantly broaden its leadership and capacity in addressing this market. The combined advantage -- utilizing shared resources and technologies -- will deliver a true win-win for the companies and customers, for years to come, said Dr. Richard.
SmartSens expects its acquisition and integration of Allchip to further improve its cost structure and competitiveness in the automotive market while accelerating its innovation in smart car CIS solutions.