Taiwan's DRAM plan fails

Taiwan's plan to restructure its dynamic RAM industry seems to have met its end-not with a bang but with a whimper. The plan was to consolidate the industry and acquire new technology under the banner of a new company, Taiwan Innovation Memory Co. (TIMC), created in March 2009. In mid-November, the country's lawmakers rejected the cabinet's request for the National Development Fund to invest NT $5 billion (about US $150 million) in TIMC-all but ending what had turned out to be a pretty unpopular project.