ProMos Technologies Inc (
Infineon, the world's No. 4 computer-memory-chip maker, is battling with management of ProMos, which wants more independence and other customers.
The German company, ProMos' second-biggest shareholder and one of its largest customers until last year, earlier said it will sell its stake in the venture.
Infineon chairman Ulrich Schumacher is in Taiwan to discuss with government officials its investments in the country, company spokeswoman Yang Sook-chin said, confirming a local newspaper report.
Schumacher will meet Minister of Economic Affairs Lin Yi-fu (
The report said that Schu-macher would meet ProMos' Hu to discuss the stake sale, transfer of technology from Infineon and rights to ProMos' production, citing ProMos president Chen Min-liang (
"We will send out a release later this afternoon," ProMos spokesman Albert Lin (
Shares of ProMos rose 6.62 percent, their daily limit, to NT$8.05 on the Taiwan stock exchange. Parent Mosel Vitelic Inc (
Infineon has set up ventures with rival chipmakers in Taiwan as it seeks to cut costs.