The Industrial Development Bureau yesterday said the government would not want to see any of the nation’s computer memory chipmakers collapse because of negative implications.
The government, instead, would like to see the local manufacturers of dynamic random access memory (DRAM) chips consolidate into two “big groups” with “ingenious technology” to compete with foreign rivals, Industrial Development Bureau Director-General Chen Chao-yih (陳昭義) told reporters on the sidelines of a luncheon.
Chen’s remarks came as the nation’s top three DRAM companies — Powerchip Semiconductor Corp (力晶半導體), Nanya Technology Corp (南亞科技) and ProMOS Technologies Inc (茂德科技) — are working with their foreign technology partners on consolidation plans in a bid to obtain government aid to ride out the sector’s worst-ever downturn.
Because ProMOS is facing increasing financial pressure as the company’s NT$11 billion (US$330 million) in convertible bonds are scheduled to mature on Feb. 14, Chen said the government expected local DRAM companies to submit their consolidation plans for review soon.
“It would be better they submit the plans to us before the Lunar New Year... or it would become meaningless,” the cnYes.com Web site quoted Chen as saying yesterday.