Taipei Announces Joint Venture with Japan's Elpida

The Taiwanese government has announced a plan to establish a new company tentatively named Taiwan Memory in joint venture with Elpida Memory, the Japanese semiconductor maker. It also confirmed a plan to cooperate also with Micron Technologies, a U.S chipmaker. Simply put, this means that major semiconductor memory chipmakers in Taiwan, Japan and the U.S. are joining hands while Korean firms are left out. AFP said the Taiwanese government made the announcement on Wednesday.

In February, Taipei disclosed a plan to establish Taiwan Memory in a bid to provide support for the survival of Taiwanese semiconductor chipmakers. It is to inject a maximum of 30 billion Taiwan dollars (approximately W1.2 trillion) to set up the firm, which will eventually merge with other Taiwanese semiconductor chipmakers such as Powerchip.

Taipei plans to catch up with Samsung Electronics and Hynix, the world's largest and second largest chipmakers, by combining Japanese and U.S. technologies with Taiwanese chipmakers' production capacity.

englishnews@chosun.com / Apr. 02, 2009 07:39 KST