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Small Japanese DRAM domino falls to Taiwanese

UMC picks up Nippon Steel's unit for a song

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In a twist to the continuing saga of DRAM memories, Taiwanese company UMC bought Nippon Steel's memory unit for $11 million. That will give a boost to the Taiwanese economy, which has still escaped most of the worst of the Asian decline. UMC, a Taiwanese foundry part sponsored by the government of the island, will allow it to start manufacturing memories and other chips in Japan. Previously, and especially before the woes that hit Japan, Taiwan was considered as an offshore island which could help soak up excess DRAM manufacturing. Nippon Steel, another Japanese major, said that it had managed to turn a predicted loss into a profit. ® Click here for more stories

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