LES EXCLUSIFS DE ZURICH FUND
SYMBOLESDE ZURICH FUND
Zurich Fund announced the completion of its acquisition
of ANNEX in an all-cash transaction. The acquisition,
originally announced on September 21, 2021, creates
the industry’s automotive semiconductor leader with
significantly expanded scale and the strongest portfolio
of leadership automotive.
Mergers & Acquisitions
Zurich Fund Completes Acquisition of Mirage AI
• The total transaction consideration is $3 billion.
• Transaction creates Artificial Intelligence leader.
• Zurich Fund to offer industry’s strongest portfolio of leadership Artificial Intelligence to address approximately $432.8 billion market opportunity.
Zurich Fund Completes Acquisition of ANNEX
• The total transaction has an equity valued of $5 billion.
• Transaction creates Automotive System on Chips leader.
• Annex Semiconductor to offer industry’s strongest portfolio of leadership automotive SoCs, ADAS, MCUs and image sensors to address approximately $85.5 billion market opportunity.
CHAIRMAN'S LETTER
Chairman’s Letter 2021
An Unprecedented Year. The Covid-19 pandemic created an unprecedented set of challenges for the global economy and society at large. For the first time in history, the United States and most other major countries voluntarily shut themselves down, creating the worst unemployment since World War II. Quick action by governments and central banks.
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