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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (5141)	1/23/2003 12:12:18 PM
From: Proud_Infidel	Respond to of 25522

ProMOS' fab plans in China raises skepticism Semiconductor Business News (01/23/03 11:25 a.m. EST) HSINCHU, Taiwan--Taiwan's ProMOS Technologies Inc. here reiterated its plan to set up a fab in China, although there are still doubts that the troubled company will make good on its promise. ProMOS, a joint DRAM venture between Germany's Infineon Technologies AG and Taiwan's Mosel Vitelic Inc., will submit an application to the Taiwanese government at the end of March to set up an 8-inch fab in Shanghai, according to a report from DigiTimes. The fab, to be funded by ProMOS only, is a 0.25-micron plant that will start production in 2005, according to the report. Analysts were skeptical about ProMOS' plan, given the company's lack of technology and prolonged timeframe for the China fab. Analysts were also quick to point out that Taiwan's electronic companies tend to make exaggerated announcements in the local media to bolster their stock prices. And ProMOS' future also remains in limbo. At present, there is a battle between its joint venture partners over control of the Hsinchu-based company. Claiming it was “betrayed” by Mosel Vitelic at a recent shareholders meeting, Infineon said it will sell its entire 30.7% stake in ProMOS (see Jan. 11 story ). It is looking less likely that chipmakers Mosel Vitelic and Infineon will ever see eye-to-eye over the future of ProMOS. As a result, ProMOS said that it would stay competitive by relying on a home-grown 0.12-micron process technology, rather than Infineon supplied process technology, and by striking an alliance with another memory maker, possibly Elpida Memory Inc. Technologies Inc. (see Jan. 13 story ).