Globalfoundries reportedly has agreed to take over financially-troubled ProMOS Technologies for NT$20-30 billion (US$0.7-1 billion), according to industry sources. By adding ProMOS' 12-inch wafer fab in Taichung, central Taiwan to its global manufacturing facilities, Globalfoundries will be striving for orders from IC design houses in China and Taiwan, the sources indicated.
After being acquired, ProMOS will still be able to continue business with its customers over the next 1-2 years, the sources said. Known as a maker of PC DRAM, ProMOS has reiterated plans to turn its business focus to niche-market memory and foundry services for non-memory products such as panel driver ICs.
ProMOS to be acquired by GlobalFoundries?
Posted on Friday, February 24 2012 @ 17:40 CET by Thomas De Maesschalck