Feeds

Taiwan moves to save chipmakers

$6bn bailout ahoy

Build a business case: developing custom apps

The Taiwanese government is moving closer to a $6bn bailout of the country's chipmakers who are suffering from the credit crunch and falling prices for DRAM despite production cuts.

There are also rumours that the Taiwanese government could work with Japanese firms to help save its domestic chip business. Taiwan's ProMOS Technology Corp is reportedly talking to Japanese firms Micron or Elpida about a possible takeover helped by the Taiwanese government.

Taiwan's largest memory chip maker Powerchip said on Monday it was cutting costs and selling off some assets, in the hope it can survive without taking government money as long as conditions don't get any worse. The firm's chairman will give up his salary. The firm hopes prices will rebound in the second half of the year as production cuts start to bite.

The government has already announced a package of measures including micro-loans for small businesses and start-ups, investment in "green" technologies, interest subsidies for home loans, public construction projects, encouraging state funds to invest in the stock market and encouraging foreign and mainland Chinese investment.

In November the Ministry of Economic Affairs said the industrial production index was down 28.3 per cent on the same time last year. ®

The essential guide to IT transformation

More from The Register

next story
Reg man looks through a Glass, darkly: Google's toy ploy or killer tech specs?
Tip: Put the shades on and you'll look less of a spanner
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
One step closer to ROBOT BUTLERS: Dyson flashes vid of VACUUM SUCKER bot
Latest cleaner available for world+dog in September
Samsung Gear S: Quick, LAUNCH IT – before Apple straps on iWatch
Full specs for wrist-mounted device here ... but who'll buy it?
Apple promises to lift Curse of the Drained iPhone 5 Battery
Have you tried turning it off and...? Never mind, here's a replacement
Now that's FIRE WIRE: HP recalls 6 MILLION burn-risk laptop cables
Right in the middle of Burning Mains Man week
Apple's iWatch? They cannae do it ... they don't have the POWER
Analyst predicts fanbois will have to wait until next year
Tim Cook in Applerexia fears: New MacBook THINNER THAN EVER
'Supply chain sources' give up the goss on new iLappy
HUGE iPAD? Maybe. HUGE ADVERTS? That's for SURE
Noo! Hand not big enough! Don't look at meee!
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.