Saturday, November 01, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Pirate Bay Co-founder Sentenced To 42 Months Imprisonment
SEL Showcases 1058ppi And Foldable OLED Displays
New Outlook for Mac Available Now, Office for Mac Coming In 2015
Updated BBM Offers More Privacy, Control and More
Panasonic Raises Profit Outlook
Toshiba Offers New 4TB and 5TB Desktop HDDs
Samsung Introduces New Ultra Slim Galaxy A5 and Galaxy A3 Smartphones For The Chinese Market
Sharp 2Q Profit Slides
Active Discussions
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
 Home > News > PC Parts > Taiwane...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, November 29, 2012
Taiwanese ProMOS To Auction DRAM Plant


Taiwanese memory maker ProMOS Technologies Inc plans to auction a 12-inch factory, equipment and office building in Taichung for a floor price of NT$19.5 billion (US$669.5 million,) as part of the company's restructuction plan.

ProMOS delisted its shares from the Taipei stock exchange in March and its $1.9 billion debt had forced the company to stop production at the plant last year.

Chipmakers Taiwan Semiconductor Manufacturing Co (TSMC,) United Microelectronics Corp (UMC) and GlobalFoundries Inc are reportedly interested in bidding for the assets, a Chinese-language newspaper reported. Vanguard International Semiconductor Corp. could be another potential buyer of the assets. TSMS holds a 39% stake in Vanguard.

The Taiwan Financial Asset Service Corp (TFASC) is in charge of the auction on behalf of the creditors.

ProMOS aims to transfer the assets to the winning bidder by the end of next month and expects the buyer to restore the factory's operations by February 2013, Taipei Times reported today, citing a November 5 filing to the Taiwan Stock Exchange.

DRAM chips makers are struggling due to falling prices, huge investments and the low demand for personal computers.


Previous
Next
WD Releases Windows 8 App        All News        iPhone 5 Coming In China
WD Releases Windows 8 App     PC Parts News      Toshiba Expands Enterprise Hard Drive Offerings with Large Capacity MG Series

Get RSS feed Easy Print E-Mail this Message

Related News
Kingston Leads the DRAM Module Industry: TrendForce
Mobile DRAM to Account for 40 Percent of DRAM Revenue in 2014
DRAM Trends For 2014
DRAM Market Reaches Maturity
Big Gains Forecast in Quarterly DRAM Selling Proces
DRAM Market Matures, Says IHS
DRAM Makers Hit By Oversupply, Low Demand
PC Share of DRAM Market Dips As Tablet Shipments Soar
DRAM Pricing Remained Stable Despite Elpida's Bankruptcy
Bankruptcy-Bound Elpida Dethrones Micron from Third Rank in DRAM Market
Samsung Unveils Gb LPDDR3 SDRAM
Nanya Files ITC Complaint Against Elpida

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .