News
 

Bookmark and Share

(0) 

Taiwan-based dynamic random access memory (DRAM) maker PowerChip Semiconductor Corp. on Friday officially submitted its restructuring plan to the Taiwanese government in a bid to receive state aid. The move happens just a week after the authorities formally proposed state bailout to the local DRAM industry.

A news-story by Reuters web-site claims that PSC wants to get NT$20 billion ($605.4 million) from the state in order to keep its business running. Other details are unknown. Earlier PowerChip Semiconductor reportedly confirmed intention to cooperate with its Japanese partner Elpida in presenting a concrete survival plan by year end.

According to some estimates, Taiwanese makers of memory have debts that amount NT$700 billion ($21.598 billion) amid global mainstream DRAM prices falling below their production costs in Taiwan.

The Taiwanese government has three major principles in dealing with the problem of the DRAM industry, including helping the industry establish its independent technology, helping it upgrade its international competitiveness, and assuring maximum efficiency of the investments. The deputy minister stressed that the government’s ultimate goal is to see the industry realize horizontal integration domestically and vertical integration internationally, following the strategy of “joint investment and joint R&D”, in the hope of facilitating the cooperation among Taiwan, the U.S., and Japan for the development of the industry.

Tags: Powerchip Semiconductor, Business

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Thursday, August 21, 2014

12:10 pm | AMD to Lower Prices of A-Series APUs for Back-to-School Season. New Prices of AMD A-Series APUs Revealed

Wednesday, August 20, 2014

10:53 am | AMD to Cut Prices on FX-9000, Other FX Processors: New Prices Revealed. AMD to Make FX Chips More Affordable, Discontinue Low-End Models

10:32 am | LG to Introduce World’s First Curved 21:9 Ultra-Wide Display. LG Brings Curved Displays to Gamers, Professionals

9:59 am | AMD Readies FX-8370, FX-8370E Microprocessors. AMD Preps Two New “Mainstream” FX Chips

Monday, August 4, 2014

4:04 pm | HGST Shows-Off World’s Fastest SSD Based on PCM Memory. Phase-Change Memory Power’s World’s Fastest Solid-State Drive