Monday, November 30, 2009

End of Taiwan Memory?

Taiwan's Legislative Yuan (the national legislative assembly) has cut off further support for Taiwan Innovation Memory Corporation (formerly Taiwan Memory Corporation). However, the Ministry of Economic Affairs (MoEA) does not seem to be completely giving up on this project since the cut-off applies to funding for next year. As the prices look better than they did in the recent past, the MoEA may find it very hard to pursue its plan of gobbling up failing memory makers on the cheap, without or without new funds from the legislature.

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