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GlobalFoundries Rumored to Acquire Promos for Up to $1B

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.

  • buzznut
    Would this benefit AMD in some way?
    Reply
  • buzznut
    qwertyhbnmdoesn't emit as much light as the red & green ones, so Samsung has to make it significantly larger to partially compensate.
    hmm
    ?
    Reply
  • omega21xx
    buzznutWould this benefit AMD in some way?
    Not much since they are moving away from GlobalFoundries after the many screw ups from them. They do have a few things they still make from AMD though.
    Reply
  • Gimme money!
    Reply
  • phatboe
    should have bought out UMC
    Reply
  • billj214
    It would be cheaper to just go to 22nm and double the die on wafer!
    Reply
  • madooo12
    billj214It would be cheaper to just go to 22nm and double the die on wafer!going 22nm isn't as easy as it sounds
    Reply
  • Wisecracker
    Luther Forest

    "Fab 8 will be fully operational in mid-2012 and shipping products for revenue in early 2013. With high volume production in full swing in early 2013..."

    That's 60k wafer-starts a month at 28/22nm.
    Reply
  • eddieroolz
    I was under impression that GlobalFoundaries was facing some business trouble, but I guess that wasn't the case.
    Reply
  • back_by_demand
    eddieroolzI was under impression that GlobalFoundaries was facing some business trouble, but I guess that wasn't the case.3 ways business can go, roll over and die (no pun intended), tighten belts and potentially get absorbed by someone bigger or try to build out of it
    ...
    Seems they are trying option 3, this will be interesting to watch
    Reply