OmniVision Integrated Circuits Group, Inc. plans to increase Rongxin Semiconductor's capital by 1 billion yuan.

OmniVision Integrated Circuits Group, Inc. (00501) announced that in order to further improve the company's semiconductor industry chain layout, and to create a more resilient supply chain network and delivery assurance system through strategic coordination with the upstream supply chain, the company plans to increase its capital in Rongxin Semiconductor by 1 billion yuan in cash to hold about 32.18 million yuan of its registered capital. Based on the total capital increase of 4 billion yuan, the company is expected to hold approximately 5.88% of its registered capital after this round of capital increase. The specific details are subject to the agreements signed by all parties. It is reported that Rongxin Semiconductor was established in April 2021 and is the first 12-inch integrated circuit wafer foundry enterprise in China to adopt a market-oriented capital operation model. It focuses on mature process technology tracks ranging from 28 to 180 nanometers, mainly providing wafer foundry services for mixed-signal, analog, and logic integrated circuits, with a focus on image sensors, analog chips, and mixed-signal chips, as well as edge-side logic chips and computing power chips for AI-related areas. The company has successfully built or planned multiple core technology platforms and its wafer foundry products are used in various applications such as AI computing and intelligent devices, industrial control, consumer electronics, digital homes, mobile communications, and automotive electronics.