Wednesday, December 24, 2008

The Taiwan authorities support the manufacturers of memory.

The Government of Taiwan will provide about 6.5 billion dollars to support domestic producers of DRAM-memory, DigiTimes said, referring to the information received from its own sources.
The Taiwan authorities did not officially confirm this information. But Minister of Economy of Taiwan Chi-Ming Ying (Chii-Ming Yiin) said that the Government will support the producers of DRAM-memory in a time of crisis. In particular, facilitate the conduct of negotiations with banks and debt restructuring.
Plans for the Government is not shared by all politicians in Taiwan. For example, some legislators believe that in the case of subsidies to producers DRAM-memory not ordered government budget money. In addition, the intervention of the State upset the market.
Earlier, the head of the company Foxconn, a leading Taiwanese electronics manufacturers, said that the economic crisis has affected the IT-industry three times worse than expected. In this regard, Foxconn intends to cut one and a half thousand people at its plant in Hungary. In Taiwan, the company intends to dismiss a 10-15 per cent of employees.

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