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MU Micron CDR

23.58
0.95 (4.20%)
13 Dec 2024 - Closed
Realtime Data
Name Symbol Market Type
Micron CDR NEO:MU NEO Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.95 4.20% 23.58 23.00 23.75 23.70 23.01 23.11 170,929 22:30:01

Taiwan Government Official: To Invest In 2 Chip Cos For Tech Access

22/07/2009 11:18am

Dow Jones News


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The Taiwan government hopes to invest in two local memory-chip makers that would allow the island to get access to technologies from Japan's Elpida Memory Inc. (6665.TO) and U.S.-based Micron Technology Inc. (MU), Woody T.J. Duh, director general of the Industrial Development Bureau, said Wednesday.

"It'd be better if we have two major camps of memory-chip makers using different technologies," Duh told reporters after meeting local makers of dynamic random access memory chips on a government plan to invest up to NT$30 billion in the industry.

The final investment decision will be based on evaluations of companies' proposals, Duh said.

The government said Tuesday it plans to invest in one to two local DRAM makers that meet government requirements in carrying out restructuring plans to enhance the DRAM industry's competitiveness.

The government expects to receive restructuring proposals within the coming weeks, Duh said.

Taiwan Memory Co., a chip company being set up by the Taiwan government which has picked Japan's Elpida as technology partner, will certainly get the government's money, Duh said.

Nanya Technology Corp. (2408.TW) spokesman Pei Lin Pai said his company will apply for the government's investment but didn't give a timeframe.

Nanya and Inotera Memories Inc. (3474.TW) both use technologies from Micron. Inotera is a joint venture between Nanya and Micron.

Powerchip Semiconductor Corp. (5346.OT) spokesman Eric Tang also said Tuesday his company is considering applying for government investment. The company also uses Elpida's technologies.

The government said Tuesday that DRAM makers that can gain access to foreign firms' intellectual property rights, propose plans to jointly develop next-generation technologies with foreign partners, and consolidate through mergers and acquisitions will be eligible for the government's investment.

-By Jessie Ho, Dow Jones Newswires; 88622 502-2557; jessie.ho@dowjones.com

 
 

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