Taiwan: SKorea's Hynix to take stake in Taiwan's ProMOS under new alliance.

TendersInfo | May 9, 2008 | Copyright

Byline: sunder03

ProMOS Technologies Inc (5387.TW) said it has signed an agreement with Hynix Semiconductor Inc for a Free Report!Double, Triple or Even Quadruple Your Returns Using ETn enhanced strategic alliance, which will involve the South Korean firm taking a stake in ProMOS.

Hynix will team up with some investors to acquire 8-10 pct stake in ProMOS through a private placement, ProMOS said in a statement.

Hynix, South Korea's second-largest chipmaker, will transfer 50-nanometer stack DRAM technology to ProMOS as part of the tie-up.

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