Nanya Technology: Not Ruling Out Buying Winbond Electronics
July 22 2009 - 12:04AM
Dow Jones News
Nanya Technology Corp. (2408.TW) isn't ruling out the
possibility of acquiring Winbond Electronics Corp. (2344.TW), Nanya
spokesman Pei Lin Pai said Wednesday, adding the two chip makers
aren't in talks.
The comment came after Economic Daily News reported Wednesday
that Nanya, its U.S. partner Micron Technology Inc. (MU) and their
joint-venture Inotera Memories Inc. (3474.TW) may consider jointly
acquiring Winbond to receive investment from the Taiwan
government.
"We are not ruling out the acquisition possibility, but we don't
have such a plan now," Pai said.
Officials at Inotera and Micron weren't immediately available
for comment.
Winbond spokesman Wilson Wen said the company hasn't been
approached by the Nanya group regarding a takeover, but it is open
to the takeover.
The Taiwan government said Tuesday the island's memory-chip
makers can apply for government investment if they meet certain
criteria, including consolidating through mergers and
acquisitions.
-By Jessie Ho, Dow Jones Newswires; 88622 502-2557;
jessie.ho@dowjones.com