Mergers and Acquistions News
Categories: Hardware
December 30th 2008, 15:40PM
A microchip manufacturer has announced it is in discussions regarding its acquisition by a leading US firm.
Nanya Technology has revealed it is hoping to survive the worst ever downturn in the industry's history through a possible bail-out by its US partner Micron Technology.
Pai Pei-lin, spokesman for Nanya, has told the Tapei Times that the firm is "still in the stage of discussion".
He added the takeover would help the firm to transform into a non-dynamic randon access memory (DRAM) company, which would make the NAND memory chips and help the Taiwan government's plans to reduce the number of DRAM firms operating in the market.
"We will focus on enhancing the competitiveness of Taiwan's industry rather than [targeting] any single company," said Mr Pei-lin.
"We are evaluating all kinds of options."
Elpida Memory, the largest memory chipmaker in Japan, recently announced it was embarking on a series of merger talks to help it challenge market leader Samsung, according to Bloomberg.
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