Foxconn reportedly considering investing in Taiwan Memory
Foxconn Electronics (Hon Hai Precision Industry) is said to be considering investing in Taiwan Memory Company (TMC), according to a Chinese-language report featured on cnYes.com.
The report, published on April 16, cited Foxconn chairman Terry Gou as declining to comment on the speculation.
TMC reportedly plans to request no more than NT$30 billion (US$891 million) from Taiwan's National Development Fund, and will submit the application for the funding by the end of this month.
TMC is looking to tap the mobile DRAM market with technology support from Elpida Memory, Japan's largest memory chipmaker.
The report, published on April 16, cited Foxconn chairman Terry Gou as declining to comment on the speculation.
TMC reportedly plans to request no more than NT$30 billion (US$891 million) from Taiwan's National Development Fund, and will submit the application for the funding by the end of this month.
TMC is looking to tap the mobile DRAM market with technology support from Elpida Memory, Japan's largest memory chipmaker.
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