OMNIVISION (00501) saw its shares rise more than 7% in late trading. At the time of writing, the stock was up 7.28%, trading at HK$87.7 with a turnover of HK$158 million. The movement follows a recent announcement from the company regarding a strategic move to enhance its semiconductor industry chain layout. To build a more resilient supply network and delivery assurance system through strategic synergy with upstream supply chain partners, OMNIVISION plans to inject RMB 1 billion in cash to increase its investment in Rongxin Semiconductor. This investment will secure approximately RMB 32.18 million in registered capital for OMNIVISION. Based on a total capital increase of RMB 4 billion in this round, the company is expected to hold about 5.88% of Rongxin Semiconductor's registered capital after the transaction. Final terms will be subject to the agreements signed by the involved parties. Rongxin Semiconductor is a pioneering 12-inch integrated circuit wafer foundry in China that operates under a market-oriented capital model, focusing on mature process nodes ranging from 28 to 180 nanometers for specialized technology applications.