Chinese firm close to acquiring Israel's ColorChip in $300m deal

Chinese firm close to acquiring Israel's ColorChip in $300m deal

A customer counts Chinese Yuan notes at a market in Beijing, August 12, 2015. REUTERS/Jason Lee

Israel’s ColorChip, a maker of communication components for telecom providers and data centres, is close to being bought by an unnamed Chinese company for as much as $300 million, Israeli media reported on Monday.

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