According to Digitimes, GlobalFoundries will pay between $700 million and $1 billion for the company, which is based in Hsinchu Science Park, Taiwan, and employs more than 5000 people.
Following the acquisition of Chartered Semiconductor in 2009 for $3.9 billion, which gave the company 300 mm wafer manufacturing capability in Singapore, ProMOS will enable the company to attract orders from Taiwan and China by adding a 300 mm fab in Taichung. According to Digitimes, the Taichuing plant can produce 60,000 wafers per month, which will increase GlobalFoundries' current 300 mm capacity to almost 200,000 wafers per month.
ProMOS will apparently be able to continue its current business over the next couple of years.
