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Infineon formally notified the Taiwan Stock Exchange late Wednesday of its plans to sell its remaining 26.3% stake in ProMOS, the joint venture between Mosel Vitelic and Infineon. Earlier this year the second largest European semiconductor maker sold about 6.25% of their shares in Taiwanese memory firm (see this news-story).

Infineon terminated its technology license agreement as well as stopped to buy DRAM chips from ProMOS beginning from the 1st January 2003. Although Taiwanese court in a preliminary injunction had granted ProMOS the right to use process technology from Infineon Technologies AG for making DRAM chips (see this news-story), Infineon is likely to appeal on this decision later.

Stay tuned with us because we, just as you, are very curious to find out who is going to buy Infineon’s stake in ProMOS.

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