OmniVision to Acquire Lens Production Operation
Inc. of Santa Clara, Calif., has agreed to buy the wafer-level lens production operations
of VisEra Technologies Co. Ltd. of Hsinchu City, Taiwan, its joint venture with
Taiwan Semiconductor Manufacturing Co. Ltd., for $45 million cash. It expects to
close the transaction in the second quarter of fiscal 2012. OmniVision currently
outsources the production and assembly processes associated with its CameraCube
technology to VisEra. The purchase will enable the company to streamline production,
consolidate the supply chain, expand capacity and reduce costs.