Hynix to Take Stake in Taiwan's ProMOS

May 8, 2008

An enhanced strategic alliance

Taiwan's microchip maker ProMOS Technologies Inc said May 8 it had signed an agreement with Hynix Semiconductor Inc. for an enhanced strategic alliance, which will involve the South Korean firm taking a stake in ProMOS.

Hynix will team up with some investors to acquire 8-10% stake in ProMOS through a private placement, ProMOS.

Hynix, South Korea's second-largest chipmaker, will transfer 50-nanometer stack DRAM technology to ProMOS as part of the tie-up. ProMOS will, in turn, provide its 12-inch-wafer lines to Hynix for production of dynamic random access memory (DRAM) chips based on 50-nm technology. ProMOS' existing 90-nm and 70-nm technologies came from the Korean firm.

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.