Feeds

Infineon beats up Mosel-Vitelic

'Repeated breach of contract'

  • alert
  • submit to reddit

Infineon is cancelling its shareholder's agreement ProMOS DRAM foundry JV, citing "repeated material breach of contract" by Mosel-Vitelic, its Taiwanese partner.

So what is this alleged material breach? Infineon ain't telling, but it says it gave prior warning to Mosel-Vitelic. (This EE Times piece offers some theories over the fall-out.)

Under the terms of the shareholder agreement, ProMOS has to find 10 per cent of the business for the foundry , while Infineon (38 per cent)and Mosel-Vitelic (52 per cent) had to make up the rest According to reports, overspill from Infineon accounted for much of ProMOS' allocation. ProMOS also relies on Infineon IP to produce memory chips. With the shareholder agreement terminated, Infineon no longer has to commit to volume levels. Luckily for ProMOS, Infineon says it will renegotiate a new product supply contract.

Infineon says it remains committed to ProMOS: the same cannot be said to working with Mosel-Vitelic. ®

Infineon press release

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?