Taiwan National Development Fund seeks private funds for chips
The National Development Fund in Taiwan has reportedly decided not to invest in PC chip company Taiwan Innovation Memory Co. (TIMC), but will instead invite funding from the private sector, according to Economics Minister Shih Yen-Shiang.
Last year, TIMC requested nearly NT$5 billion ($156 million) from the government fund, as part of the latter's policy of restructuring the dynamic RAM sector, which included consolidation of chip companies...
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