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MemoryProMOS to Acquire Certain Mosel Vitelic's Assets.A Former Joint-Venture to Take Control of its Founder?Category: Memory by Anton Shilov [ 12/29/2003 | 03:14 AM ]
ProMOS, a former joint-venture between Mosel Vitelic and Infineon Technology, has reportedly decided to acquire 50% share of its ex-co-founder Taiwan-based Mosel Vitelic. The deal is expected to be closed already this month.
According to a report from DigiTimes citing a statement from the DRAM manufacturer, ProMOS Technologies will acquire a 50% share of Mosel Vitelic and full ownership of USA-based United Memories – ProMOS had $264 million in account receivables from its former co-founder in November, while the acquisition of the mentioned assets will amount for about $120 million. Mosel Vitalic this year made a decision to quit DRAM business after numerous consecutive years of losses. The acquisition of Related news
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Latest NewsWednesday, July 23, 20089:58 pm | Storage Western Digital Releases VelociRaptor for Enterprises. WD Launches Enterprise Version of VelociRaptor 5:42 pm | Multimedia Game Developers Unlikely to Take Advantage of Improved Nintendo Wii Controller Soon. Nintendo Wii MotionPlus – A Surprise for Game Developers 4:26 pm | Memory Hynix Semiconductor to Shut Down Fab in the U.S. Hynix Semiconductor to Close its Eugene Fabrication Facility 3:35 pm | CPU AMD to Discuss Rival for Intel Atom Towards Year End. AMD’s Competitor for Intel Atom in the Works, Says Company 12:29 pm | Storage SanDisk Blames Windows Vista for Low Performance of Solid State Drives. SanDisk: Vista Is Not Optimized for Flash Memory Solid State Disk |
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