Tuesday, April 08, 2008

XinTec and Omnivision Ties Remain Strong

Digitimes: OmniVision, which holds a total of 9.4 million shares in XinTec, recently announced that it will transfer 2.5 million shares of XinTec to a holding company in Taiwan, an amount representing a 1.2% stake in XinTec. Both XinTec and OmniVision stressed that the transaction is purely a transfer of shares and their strong ties would not be affected.

XinTec completed its first fab (Fab 3) specializing in wafer-level packaging (WLP) for 12-inch wafers in late 2007 with volume production slated to begin in the second or third quarter of 2008. Pilot run has been already started. After adding the new 8-inch wafer capacity from its Chungli, Taiwan plant, XinTec houses a combined monthly capacity of 40,000 wafers (both 8- and 12-inch).

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