The dynamic random access memory (DRAM) of Taiwan – Taiwan Memory Company – rescues to be dead on arrival as Elpida Memory captures production capacities from Taiwanese DRAM companies, while the government of Taiwan refuses to provide additional subsidies.

According to Bloomberg news-agency, Taiwan lawmakers rejected a public funding request for a state-led memory chipmaker set up to revive the industry and called for the project to be scrapped after semiconductor prices and demand rebounded.

According to Bloomberg news-agency, Taiwan lawmakers rejected a public funding request for a state-led memory chipmaker set up to revive the industry and called for the project to be scrapped after semiconductor prices and demand rebounded.

“The time for investing in the venture has passed. We demand the Ministry of Economic Affairs stop the project. The Cabinet should respect our decision,” said ruling party legislator Ting Shou-chung.

The government has faced force from lawmakers to cancel the chip venture since March, after saying it decided not to merge Nanya Technology Corp. and Powerchip Semiconductor Corp., the largest makers of DRAMs in the country. Taiwan’s two biggest memory chipmakers, said at the time they would not participate in the government plan.

Meanwhile, Elpida Memory, has signed technology-for-capacity agreements with ProMOS and WinBond.

As a result, Tawan’s Memory Company may never emerge.