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Monday 9 March 2009
Memory module makers gain on reduced upstream supply
Downstream memory specialists have benefited from positive NAND flash spot prices, and more stable DRAM pricing. Taiwan's memory-module suppliers A-Data Technology and Transcend Information...
Monday 9 March 2009
Commentary: Investor confidence still key to Taiwan Memory success
Taiwan Memory Company (TMC) and its appointed chairman John Hsuan are already in its mission to consolidate Taiwan's DRAM chipmakers and establish home-grown memory technology. However,...
Friday 6 March 2009
Taiwan Memory to complete DRAM consolidation efforts in three phases
Taiwan Memory Company (TMC) will require three phases to complete its mission of consolidating the island's memory-chip sector, as well as allowing the establishment of home-grown...
Wednesday 4 March 2009
ProMOS extends ECB early tender offer
ProMOS Technologies has announced that the early tender offer period for its convertible bond buyback has been extended by 10 more working days to 14:00 (UTC) on March 17, 2009. The...
Tuesday 3 March 2009
ProMOS told to reveal ratio of bondholders accepting buyback offer
Taiwan's over-the-counter (OTC) stock market has demanded cash-strapped DRAM chipmaker ProMOS Technologies disclose the ratio of bonholders who have agreed to sell back their convertible...
Friday 27 February 2009
DRAM maker ProMOS reaffirms ECB redemption
ProMOS Technologies has released a statement to further clarify its loan extension announcement made recently (February 25). The cash-strapped DRAM chipmaker reiterated that over...
Thursday 26 February 2009
TSMC acquires equipment from Lam Research
Taiwan Semiconductor Manufacturing Company (TSMC) has announced an equipment purchase worth NT$587.09 million (US$16.86 million) from Lam Research, a supplier of semiconductor wafer...
Thursday 26 February 2009
ProMOS allowed to extend bank loan repayments for one year
Taiwan's DRAM chipmaker ProMOS Technologies has revealed that it has been allowed to extend repayments on existing bank loans for one year under a government assistance program.
Tuesday 24 February 2009
DRAM maker ProMOS asks bondholders to accept discount
Financially distressed DRAM maker ProMOS Technologies has recently announced that its offer to buy back its outstanding zero coupon convertible bonds (CBs) will expire March 21, looking...
Friday 20 February 2009
ProMOS offers to buy back bonds, but says it has not enough money
ProMOS Technologies has announced an offer to buy back US$335 million worth of convertible bonds (CBs), but maintained that it will only have less than NT$3 billion (US$8.66 million)...
Wednesday 18 February 2009
ProMOS yet to reach agreement with bondholders, stock to be downgraded
Despite an agreement with banks for a new loan, ProMOS Technologies has yet to work out a deal with bondholders for redeeming its ECBs, prompting market regulators to decide to downgrade...
Tuesday 17 February 2009
Banks OK ProMOS NT$3 billion loan
A consortium of nine Taiwan banks have agreed to extend a syndicated loan of NT$3 billion (US$87.5 million) to DRAM maker ProMOS Technologies, which is facing a cash crisis. The agreement...
Monday 16 February 2009
ProMOS deadline for ECB redemption postponed to next week
ProMOS Technologies has been granted an extension on the deadline to redeem its ECB, according to a company February 13 filing with the Taiwan Stock Exchange (TSE). The DRAM maker...
Monday 16 February 2009
Elpida-led DRAM camp to win Taiwan government aid, sources claim
Japan's Elpida Memory and its Taiwanese partners reportedly will emerge as the winning camp in a race to receive support from the Taiwan government, which is seeking ways to forge...
Friday 13 February 2009
ProMOS responds to media reports of severe financial troubles
ProMOS Technologies issued a filing with the Taiwan Stock Exchange (TSE) to respond to Taiwan media reports claiming that it will likely fail in its bid to secure a syndicated loan...