XinTec Got Investment from TSMC

Digitimes: TSMC to be largest shareholder of image sensor packaging house XinTec

Taiwan Semiconductor Manufacturing Company (TSMC) will become the largest shareholder of XinTec, an IC packaging house specializing in charged coupled device (CCD) and CMOS image sensor wafer-level packaging, following a planned purchase of a proposed private placement of XinTec.

XinTec announced October 17 that it will release a total of 90.52 million shares with a per unit price of NT$15 via private placement. The packaging house should accordingly raise NT$1.36 billion worth in funding. XinTec welcomes further investment from TSMC through this fund raising, according to the company's chief financial officer (CFO).

TSMC posted a filing on the Taiwan Stock Exchange (TSE) on the same day detailing its plan to purchase XinTec shares. A Chinese-language Economic Daily News (EDN) report said that TSMC should take up about a 40% stake in XinTec.

VisEra holds about a 30% stake in XinTec. XinTec chairman Shang-Yi Chiang, who retired as TSMC's R&D senior vice president in May 2006, is the present chairman of VisEra Technology. VisEra Technology, the joint-venture between OmniVision Technologies and TSMC, holds two director seats on XinTec's board of directors while OmnVision holds another supervising director seat. Quanta Computer holds one director on the board. VisEra contributed about 71% to XinTec's revenues in 2005.

XinTec currently holds an approximate 30% global market share in wafer-level image sensor for handsets.

XinTec licenses the CSP from Shellcase, Tessera now.