Wednesday, February 11, 2009
Elpida Taiwan merger
Elpida apparently has been able to agree to a merger with Taiwan's Powerchip, ProMOS Technologies and Rexchip (link here). While the details have yet to emerge, this merger might mean that Elpida has agreed to some Taiwanese direct or indirect state representation on its board as the Taiwanese government had been demanding that. In return Elpida should receive some Taiwanese government assistance. On the optimistic side, this merger may be spell the end of Taiwanese state support for Taiwan's failed DRAM firms, but we won't know until the details of the merger are made public and maybe not even then.