Tuesday, December 23rd 2008

DRAM Makers in Taiwan Could Get $6.5 Billion USD Bailout

Digitimes are reporting that Taiwan's Ministry of Economic Affairs (MOEA) may have drafted about NT$200 billion (US$6.50 billion) to bailout the DRAM industry there, although there has not yet been any official confirmation, it has certainly stirred up a commotion, $6.5 Billion USD is a lot of money wasted should the bailout go ahead and fail.
Chii-Ming Yiin, Taiwan's minister of economic affairs, did not deny the speculated bailout amount. According to Yiin, any bailout measures for local DRAM makers are subject to risks, costs and benefits on their impact on economic growth and they will be carefully evaluated. Yiin believed that the bailout applicants were not just looking for cash injections, but mainly requested that the government negotiate with local banks and help sort out their debt problems and schedules.
Source: Digitimes
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7 Comments on DRAM Makers in Taiwan Could Get $6.5 Billion USD Bailout

#1
mrw1986
How about bailing out the US first...
Posted on Reply
#2
HossHuge
My adult students have told me that the high tech industry here in Taiwan has been working 3 and 4 day weeks because of the financial crisis.

R&D must be slowing down. I wonder if this will affect when new chips will be released?
Posted on Reply
#3
mlee49
Bail outs are all I'm hearing about. Why should I care who gets "Bailed Out" when I'm bottomed out already.
Posted on Reply
#4
Nick89
by: mlee49
Bail outs are all I'm hearing about. Why should I care who gets "Bailed Out" when I'm bottomed out already.
aint that the truth, I have less than 140$ in my bank account and I'm living from paycheck to paycheck....
Posted on Reply
#5
WarEagleAU
Bird of Prey
Same here bro, same here. I mean I make decent money but shit, bills and taxes man, bills and taxes.
Posted on Reply
#6
TheMailMan78
Banstick Dummy
I guess I'm the only one who's doing well in this economy. Honestly I don't even know why stocks are down other than the media saying there is a problem. Gas is down. Taxes have been cut. Interest rates are low. I mean I'm doing great. Why the hell is the "bottom" falling out?
Posted on Reply
#7

by: Nick89
aint that the truth, I have less than 140$ in my bank account and I'm living from paycheck to paycheck....
ditto here bro, i make $2000, i spend around $1900 on food, rent, insurance, car.
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