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Taiwan Memory

Taiwan Memory

Taiwan Memory Co., the company being formed by the government to reorganize the island's semiconductor industry, is not considering merging with local chipmakers, Economic Affairs Minister Yiin Chii-ming said. The new company may buy factories from the local chipmakers, Yiin said yesterday in Taipei.
Taiwan's government last week announced a proposal to combine six domestic chipmakers under a state-led holding company to help them recover from the computer-memory industry's longest contraction in more than a decade. Taiwan Memory may merge with Japan's Elpida Memory Inc. or U.S.-based Micron Technology Inc. to obtain patents and intellectual properties, Yiin said at the time.
Yiin reiterated comments yesterday that the company may receive no more than NT$30 billion (US$870 million) in state funds.


Updated : 2021-01-22 21:56 GMT+08:00