XinTec and OmniVision Sign 5 Year Deal===Something BIG is PLANNED
OmniVision just inked a 5 year sweet heart deal with one of its Packaging Divisions to implement Camera Phone Packaging into the OVTI flow chart for the next five years…………OVTI rolling out Wave Front Coding and INVESTING 100 million into packaging with XinTec, I would DEDUCT and GUESS that Ovti is planning something VERY VERY BIG with Wave Front Coding!!!
XinTec secures 5-year order from OmniVision
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Ingrid Lee, Taipei; Rodney Chan, DigiTimes.com [Tuesday 12 September 2006]
Taiwan-based XinTec has signed a five-year contract providing OmniVision Technologies with wafer level chip size packaging (WLCSP) service. Under the contract, the image sensor specialist will have one of its subsidiaries purchase packaging equipment which will be placed at XinTec’s plant, and XinTec will in turn use the equipment to fulfill OmniVision’s orders.
XinTec said such a deal can strengthen its relationship with the client, and can reduce risks in equipment investments while increasing profits.
OmniVision orders accounted for 71% of XinTec’s revenues in 2005, and about 30% of the world’s cameraphones adopt image sensors packaged by XinTec, according to industry sources.