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Thursday 12 February 2009
ProMOS still negotiating loan with banks
DRAM maker ProMOS Technologies is still negotiating with banks over a syndicated loan of NT$5 billion (US$147 million), promising to provide NT$15 billion worth of production equipment...
Thursday 12 February 2009
Nanya and Inotera submit proposal for consolidation of Taiwan, Japan and US DRAM makers
Nanya Technology and its joint venture with Micron Technology, Inotera Memories, have jointly submitted a proposal to Taiwan's Ministry of Economic Affairs (MOEA) seeking to consolidate...
Wednesday 11 February 2009
DRAM makers see revenues grow sequentially in January, except ProMOS
Nanya Technology has posted revenues of NT$2 billion (US$59 million) for last month, up 40% sequentially. Its subsidiary Inotera Memories also enjoyed a revenue increase of 14% on...
Tuesday 10 February 2009
Even Samsung gets stung; iSuppli cuts 2009 DRAM revenue forecast
The downturn in the DRAM industry has become so bad that even the dominant market leader, Samsung Electronics, is no longer immune, with the company in the fourth quarter of 2008...
Tuesday 10 February 2009
Taiwan government says no decision to invest in Elpida
A Taiwan official has dismissed a report that claimed the Taiwan government had decided to invest in Japan-based Elpida Memory in an effort to save the local DRAM industry.
Thursday 5 February 2009
Elpida seeks capital injections from Japan, while likely losing spot in Taiwan government-led funding
Elpida Memory is reportedly considering applying for funding from the Japan government and simultaneously may attempt to attract equity investments from other Japan-based enterprises...
Thursday 5 February 2009
Taiwan banks halt ProMOS loan
Nine Taiwan banks which reportedly have agreed to provide a syndicated loan of NT$5 billion (US$148 million) to DRAM chipmaker ProMOS Technologies have postponed the lending process,...
Wednesday 4 February 2009
Taiwan government to turn more active in supporting local DRAM makers, says minister
Chii-Ming Yiin, Taiwan's Minister of Economic Affairs, has said that the government is looking to be more actively involved in some consolidation among DRAM chip makers. The government...
Wednesday 4 February 2009
Kingston acts as guarantor for ProMOS loan
Kingston Technology has agreed to act as a guarantor for ProMOS Technologies' application for a syndicated loan of NT$5 billion (US$148 million) from nine local banks, according to...
Tuesday 3 February 2009
ProMOS receives NT$5 billion bank loan
ProMOS Technologies, one of Taiwan's financially-troubled DRAM chip suppliers, will receive a syndicated loan of NT$5 billion (US$148 million) from nine local banks, industry sources...
Thursday 22 January 2009
ProMOS sells property to Kingston
ProMOS Technologies, whose deadline for redeeming ECBs (euro convertible bonds) is nearing, has sold a piece of 8,362-square meter land, plust structures on it, to memory module specialist...
Thursday 22 January 2009
Elpida offers to let Taiwan government become its biggest shareholder in exchange for funding
Japan-based DRAM maker Elpida Memory is currently in negotiations with Powerchip Semiconductor Corporation (PSC), Rexchip Electronics and ProMOS Technologies over a merger deal and...
Thursday 22 January 2009
ChipMOS gives Spansion 30 days to settle overdue payments
ChipMOS has sent a notice to Spansion giving the NOR flash maker 30 days to pay off a recent order, or else it will take further action, according to ChipMOS.
Wednesday 21 January 2009
Timing crucial to DRAM consolidation, says A-Data chairman Simon Chen
Digitimes recently talked to Simon Chen, chairman of A-Data Technology, about the Taiwan government's bailout program for the island's fragile DRAM industry. According to Chen, the...
Tuesday 20 January 2009
ProMOS continues to sell assets
Packaging and testing house Powertech Technology (PTI) has announced via a filing with the Taiwan Stock Exchange (TSE) that it has acquired wafer testing equipment worth approximately...