Taiwanese film studio snaps up Chinese surveillance camera specialist Dahua

Zhejiang Dahua Technology has sold its remaining U.S. subsidiary to Taiwan’s Central Motion Picture Corporation for $15 million, a move stemming from U.S. entity-list sanctions and FCC restrictions on Chinese surveillance equipment vendors; the deal, dated January 3, 2024, reportedly involved related entities Luminys and Foxlink and included $1 million in inventory, with further details on integration awaiting responses from CMPC and Foxlink.