Elpida Chip Deal With Three Taiwanese Makers a No Show
Elpida Memory, Japan's largest DRAM maker, remains in tie-up talks with three Taiwanese DRAM makers, but no deal will be announced today, a company spokesperson said Wednesday.
The comment was in response to a reportin the Japanese business daily Nikkei that said an agreement between the companies would be signed today in Taiwan.
The potential deal involves a four way tie-up between Taiwan's Powerchip Semiconductor and ProMOS Technologies, as well as a joint venture between Elpida and Powerchip named Rexchip Electronics, which is also based in Taiwan.
The companies began discussions due to an industry-wide downturn that shot down the price of DRAM chips and sent all the companies into financial losses. The global recession has hurt companies more by making loans harder to come by. Last month, German DRAM maker Qimonda filed for bankruptcy protection there, and more DRAM makers could soon follow.
:
