OmniVision (OVTI +1%) is looking to buy an $80M stake in Chinese chip foundry Wuhan Xinxin,...

|About: OmniVision Technologies, Inc. (OVTI)|By:, SA News Editor

OmniVision (OVTI +1%) is looking to buy an $80M stake in Chinese chip foundry Wuhan Xinxin, Digitimes reports. Wuhan Xinxin, a JV between SMI and the Wuhan municipal government, would give OmniVision another source for image sensor manufacturing capacity, in addition to Taiwanese partners TSMC (TSM) and Powerchip.