TAIPEI, July 22 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
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.
(Reporting by Baker Li, Editing by Jonathan Hopfner)