Begins New Business Manufacturing CMOS Image Sensor Modules for OmniVision

VANCOUVER, CANADA -- June 16, 2003 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE; CBOE Symbol: QNA) today announced it has received orders from OmniVision Technologies, Inc, (Nasdaq: OVTI), to manufacture CMOS image sensor modules. These CMOS image sensor modules offer high picture quality and are designed into devices such as cellular phones, PDAs, digital still cameras, automobiles, PC cameras, security, surveillance, toys, biometric readers, bar code readers, medical devices, and a host of other products where small size, low power and cost are important factors.

“We are very pleased to be offered an opportunity to manufacture CMOS image sensor modules for OmniVision. This new business not only further diversifies our product mix, but also enhance our services to customers,” said Mr. Tadao Murakami, Chairman of Nam Tai. “In view of the growing demand of the electronic products with image capturing functions, Nam Tai has already made investments to further enhance its image sensor manufacturing capabilities recently. We believe such investments in image sensor manufacturing technology will benefit from the business opportunities arising in this area.”

About Nam Tai

We are an electronics manufacturing and design services provider to original equipment manufacturers of telecommunications and consumer electronic products. Through our electronics manufacturing services operations, we manufacture electronic components and subassemblies, including LCD panels, LCD modules, radio frequency modules, and image sensors. These components are used in numerous electronic products, including cellular phones, laptop computers, digital cameras, copiers, fax machines, electronic toys, handheld video game devices and microwave ovens. We also manufacture finished products, including cellular phones, palm-sized PCs, personal digital assistants, electronic dictionaries, calculators and digital camera accessories for use with cellular phones. Further information is available at www.namtai.com.

Certain statements in this press release are "forward-looking statements" within the meaning of U.S. federal securities laws. Nam Tai intends that these statements be covered by the safe harbors created under these laws. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements. There are important factors that could cause actual results to differ materially from the information set forth in these forward-looking statements. Many of these factors are beyond Nam Tai's ability to control or predict. Given these uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements, which only speak as of the date of this press release. Nam Tai does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.