The Taiwan Financial Asset Service Corp. a semi-government body in charge of the auction of the fab on behalf of creditors, will continue to offer the 300-mm fab through auction at a base price of about $660 million, Reuters reported.
The initial deadline for bids passed on Thursday without any activity, Reuters reported.
According to Reuters, foundries Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), United Microelectronics Corp. (UMC) and Globalfoundries Inc. have all been linked to interest in the fab. The report quoted a spokesperson for ProMOS creditors saying that two unnamed companies from outside Taiwan visited the fab but did not have sufficient time to prepare bidding documents.
ProMOS halted production last year amid failed debt obligation and a downturn in the global DRAM market.
January 2016 Cartoon Caption ContestBob's punishment for missing his deadline was to be tied to his chair tantalizingly close to a disconnected cable, with one hand superglued to his desk and another to his chin, while the pages from his wall calendar were slowly torn away.122 comments