Chenghe, a special purpose acquisition company, agreed to merge with Taiwan Color Optics, a precision glass-maker, in a $115 deal. “This transaction will give us the resources that will enable us to capture the positive trends in our industry. Given the growth of electric vehicles and increasing demand for autonomous driving and intelligent lighting systems, we intend to invest in more integrated function 3D sensing chip to make our technology smarter so as to increase the safety and energy saving features per vehicle as well as ramp up our production capabilities to meet the rising demand for optical technology across an extensive range of commercial and consumer products,” Y.P. Chang, TCO President.