Digitimes reports that Taiwan-based Tong Hsing backend services for CIS saw its January-February revenues rise 19.22% YoY despite coronavirus outbreak. The newspaper's sources attributed the revenue growth partly to expanded shipments to its major client OmniVision. Also, the sources said that many enterprises are expanding their teleconferences facilities instead of in-person meetings while security surveillance systems have been increasingly installed as part of anti-virus measures.
Tong Hsing's chairman Pierre Chen has announced plans to double the company's production capacity by the end of 2020 to meet high CIS packaging demand. OmniVision is said to receive large 48+ MP sensor orders from many first-tier Chinese handset manufacturers.
OminVision plans to raise prices by 15-30% in 2020 due to the tight supply on the CIS market. Other Taiwan's CIS companies PixArt and Silicon Optronics are expected to raise prices too.
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