Dialog Semiconductor and Foxconn are set to transform Dyna Image, a Lite-On subsidiary making optical, inertial and environmental sensors for sale in the Chinese market, into a joint venture. European mixed-signal, RF and power management IC company Dialog Semiconductor plc plans to take a 40 percent stake in Dyna Image, a wholly-owned subsidiary of Lite-On Semiconductor in a deal that will close in June 2015.