Taiwanese government to form new Taiwan Memory Company

It's being reported that the Taiwanese government is about to form a new DRAM company to be called either Taiwan Memory Company (TMC) or Taiwan Memory Inc (TMI). The Ministry of Economic Affairs is reportedly assembling a team to direct the new company.

Elpida Memory of Japan, and Micron Memory of the United States, have reportedly both "sought to participate in this long-awaited consolidation framework led by the Taiwan government." Elpida and Micron combined account for 27.5% of the worldwide DRAM market share, which is just above the number one stand-alone player, Samsung and their 25.5% market share.

The creation of this new company is Taiwan's attempt to rescue its ailing DRAM makers. Additional companies previously mentioned for bailout efforts or consolidation include the lesser DRAM makers of ProMOS, Winbond, Nanya and Qimonda.

Source: TG Daily

Tags: Micron

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