Clearwire may partner with Taiwan's Pan Overseas to create a joint venture that would invest in building out a WiMax broadband network in Taiwan, according to StreetInsider.com.

Looks like the rumor, which is showing up in a number of online newsletters, originates from a Commercial Times report on Monday that cited unnamed sources.

According to StreetInsider, the paper also cited a Pan Overseas official as saying the company has been in contact with Clearwire and Motorola, but declined to elaborate.

Pan Overseas is one of 13 Taiwanese companies that has applied for a WiMax license on the island. By the end of the month, the government is expected to award six WiMax licenses, lasting six years each.

Clearwire's stock is up 13 cents to $24.15 in afternoon trading.