TSMC Buys Omnivision Stake in Visera

Taipei Times reports that TSMC board had approved a plan to acquire Taiwan OmniVision Investment Holding Co Ltd and a 49% stake in VisEra Holding Cayman Ltd, both local subsidiaries of OmniVision Technologies Inc, for US$126M. TSMC’s proposed deal increases its stake in VisEra Holding to 98.2%. VisEra Holding was established as a joint venture between TSMC and OmniVision Technologies. Now Omnivision needs to sell some of its assets in Taiwan to allow a regulatory approval of its acquisition by a Chinese investment consortium.