Nanya Tech, Inotera mull acquiring Winbond -paper
TAIPEI, July 22
TAIPEI, July 22 (Reuters) - A group of computer memory chip makers led by Taiwan's Nanya Tech (2408.TW), Inotera (3474.TW) and U.S.-based Micron MU.N is considering acquiring smaller rival Winbond (2344.TW), a local newspaper said on Wednesday. The move is part of the group's efforts to tap funds from Taiwan's government, the Chinese-language Economic Daily News reported, without citing sources. The paper did not give dollar figures or other details on the possible tie-up.
Taiwan said on Tuesday it had allocated T$30 billion ($911 million) in state funds to help local dynamic random access memory (DRAM) chip makers, who are struggling with their worst-ever downturn. [ID:nTP125748]
Spokesmen from the three Taiwanese companies were not immediately available for comment.
The government said DRAM companies seeking funding would have to submit proposals to the government in the next three months that included plans on developing technology with foreign firms and as well as strategies such as mergers and acquisitions.
Nanya has said it, Micron and Inotera, their chip joint venture, would work more closely together on developing chips with higher margins and migrating to more advanced process technology to further cut costs and boost efficiency. [ID:nTP335629]
(Reporting by Baker Li, Editing by Jonathan Hopfner)
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