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NEWS TAGGED PROMOS
Monday 16 April 2012
TSMC in race to buy ProMOS fab
Taiwan Semiconductor Manufacturing Company (TSMC) has entered the race to buy the 12-inch wafer fab of ProMOS Technologies, which is seeking new funds and investors to restructure...
Friday 24 February 2012
Globalfoundries to acquire ProMOS for NT$20-30 billion, say sources
Globalfoundries reportedly has agreed to take over financially-troubled ProMOS Technologies for NT$20-30 billion (US$0.7-1 billion), according to industry sources. By adding ProMOS'...
Friday 17 February 2012
ProMOS to delist from Taiwan stock market
Financially troubled DRAM maker ProMOS Technologies will delist from Taiwan's over-the-counter (OTC) stock market on March 26, as trading of the company's shares has been suspended...
Wednesday 15 February 2012
ProMOS facing deadline to redeem ECBs
DRAM maker ProMOS Technologies, which has been under financial pressure, is now facing a deadline to redeem ECBs worth US$57.1 million by February 21, 2012, according to sources at...
Thursday 9 February 2012
ProMOS net worth turning negative; likely to be delisted from OTC market
The recently released financial statements by ProMOS Technologies indicate that the net worth of ProMOS shares had run to the negative territory as of the end of the first half of...
Friday 13 January 2012
ProMOS seeking to settle debts with banks
ProMOS Technologies has submitted an application to Taiwan's Ministry of Economic Affairs (MOEA) for debt negotiations with its creditor banks, according to the cash-strapped DRAM...
Monday 28 November 2011
ProMOS seeking to sell fab to Globalfoundries, report says
Taiwan's ProMOS Technologies, which has been looking for funding and strategic partners, reportedly will negotiate with Globalfoundries for the sale of its 12-inch wafer plant, according...
Thursday 24 November 2011
Foundries eyeing DRAM fabs
DRAM chipmakers Powerchip Technology and ProMOS Technologies are reportedly considering selling fabs in order to preserve cash and strengthen their financial structures. Bidders for...
Monday 14 November 2011
ProMOS October revenues hit new low
ProMOS Technologies saw its monthly revenues slip below NT$500 million (US$16.6 million) to hit a new low in October 2011.
Monday 7 November 2011
Another executive reportedly to leave ProMOS
Ben Tseng, VP of sales and marketing for ProMOS Technologies, will soon resign from ProMOS following the resignation of JT Lin, company VP of the manufacturing group, industry observers...
Tuesday 1 November 2011
ProMOS fails to file 3Q11 report, faces delisting
Trading of ProMOS Technologies' shares has already been suspended on Taiwan's over-the-counter (OTC) stock market after failing to file its half-yearly financial report as required...
Monday 3 October 2011
ProMOS completes sale of 8-inch fab in China
ProMOS Technologies has announced that the company completed its sale of an 8-inch wafer fab in Chongqing, China for CNY100 million (US$15.7 million).
Friday 16 September 2011
Mosel resigns from ProMOS board
ProMOS Technologies has announced that its major shareholder Mosel Vitelic has resigned from its board of directors, according to a company filing with the Taiwan Stock Exchange (T...
Tuesday 6 September 2011
ProMOS suspended from Taiwan stock market
Trading of ProMOS Technologies shares has been suspended on Taiwan's over-the-counter (OTC) securities market starting today (September 6) after the DRAM maker failed to submit its...
Thursday 1 September 2011
ProMOS likely to be suspended from trading on TSE
The Taiwan Stock Exchange (TSE) is expected to suspend ProMOS Technologies from trading on the exchange for failure to file its financial results for the first half of 2011.