Global Sources
EE Times-India
Stay in touch with EE Times India
 
EE Times-India > Memory/Storage
 
 
Memory/Storage  

Group backs bailout for DRAM makers

Posted: 18 Dec 2008     Print Version  Bookmark and Share

Keywords:DRAM industry  government bailout  global recession 

The U.S.-Taiwan Business Council Taiwan is backing a proposed government bailout of Taiwan's ailing DRAM industry.

The group said Dec. 16 that government "assistance is imperative to inject needed liquidity and to safeguard the future of this vital sector during the global recession."

It noted that many Taiwanese DRAM companies have major debt obligations to Taiwan banks. Moreover, a restructuring of the entire DRAM industry is underway.

Council president Rupert Hammond-Chambers noted in a statement that U.S. chipmakers like Micron Technology continue to invest in Taiwanese DRAM makers. Micron has so far invested Rs.2,001.46 crore ($400 million) in Taiwan's Inotera Memories, acquiring German chipmaker Qimonda's 35.6 per cent stake in the DRAM joint venture with Nanya Technology Corp.

At least one industry analyst has warned that DRAM industry bailouts in Taiwan and possibly South Korea would be "a disaster"for the sector.

- George Leopold
EE Times





Comment on "Group backs bailout for DRAM makers"
Comments:  
*  You can enter [0] more charecters.
*Verify code:
 
 
Webinars

Seminars

Visit Asia Webinars to learn about the latest in technology and get practical design tips.

 

Go to top             Connect on Facebook      Follow us on Twitter      Follow us on Orkut

 
Back to Top