TMC files business plans for restructuring Taiwan DRAM industry

I generally expect to hear such developments happening in Taiwan, simply because of my great admiration for this country!

According to a published report from the Taiwan News, Taiwan Memory Co. (TMC) has filed its business plan for restructuring the country's DRAM industry.

TMC is said to have officially filed its business plan with the Ministry of Economic Affairs (MOEA), Taiwan. TMC plans to develop its own technologies in collaboration with Japan-based Elpida Memory Inc. It is so far the only company that has filed its business plan to bid for funding.

For those who came in late, Taiwan's DRAM industry has been having problems for some time now due to an oversupply of local makers, who are relatively small compared to South Korean counterparts. The Taiwan government proposed consolidating all of the DRAM makers into one company -- TMC.