Friday, August 25, 2017

Xintec Reports Losses

Digitimes comments on CSP packaging company Xintec ongoing losses:

"Xintec used to rely on orders from OmniVision. However, the acquisition of OmniVision by a group of China-based investors led by state-owned Hua Capital Management in 2016 has had an adverse impact on Xintec's business in the image sensor field, the observers indicated. Xintec is also facing increased competition from its China-based rivals in the fingerprint sensor sector.

Nevertheless, Xintec is reportedly among the companies joining Apple's and Qualcomm's 3D sensing supply chains, which also included its largest shareholder Taiwan Semiconductor Manufacturing Company (TSMC). Xintec may begin to see the light at the end of tunnel as early as 2018, the observers noted.

From the earlier Xintec report:

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