DRAM Makers in Taiwan Could Get $6.5 Billion USD Bailout

alexp999 · Dec 23, 2008

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.

View at TechPowerUp Main Site

mrw1986 · Dec 24, 2008

How about bailing out the US first...

HossHuge · Dec 24, 2008

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?

mlee49 · Dec 24, 2008

Bail outs are all I'm hearing about. Why should I care who gets "Bailed Out" when I'm bottomed out already.

Nick89 · Dec 24, 2008

mlee49 said:
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....

WarEagleAU · Dec 25, 2008

Same here bro, same here. I mean I make decent money but shit, bills and taxes man, bills and taxes.

TheMailMan78 · Dec 26, 2008

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?

wolf2009 · Dec 26, 2008

Nick89 said:
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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DRAM Makers in Taiwan Could Get $6.5 Billion USD Bailout

alexp999

Staff

mrw1986

HossHuge

mlee49

Nick89

WarEagleAU

Bird of Prey

TheMailMan78

Big Member

wolf2009

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