by Anton Shilov
02/13/2003 | 11:26 AM
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. <%BANNER[article]%>
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.