ProMOS and Cypress to Form CIS Design JV

Forbes: ProMOS and Cypress are ready to establish a joint venture for CMOS image sensor design in June or July, as Commercial Times writes.

The newspaper quoted ProMOS chairman Chen Min-Liang as saying his company is set to take a stake of over 80% in the venture. The joint venture is expected to introduce its first products by the end of this year at the earliest, Chen was quoted as saying.

In January, Chen said ProMOS was ready to diversify over the next five years, keeping the production of DRAMs as its core competence, with the planned CIS subsidiary overseas playing a complementary role.