EE Times reports the Taiwanese government will supply up to 40 percent of the capital needs of Taiwan Innovation Memory Co. The firm plans to unveil a NAND flash memory technology by the end of October.
Taiwan Innovation Memory Co., previously rejected as a suitable case for government investment as a DRAM company, has reinvented itself as a NAND flash supplier. The company is putting together a consortium of Taiwanese companies and has received approval from the Ministry of Economic Affairs (MOEA), according to reports.
TIMC, ProMOS Technologies Inc., Photronics Semiconductor Mask Corp. and Elite Semiconductor Memory Technology Inc. will join together as an R&D consortium. ProMOS plans to contribute manufacturing capacity at its Central Taiwan Science Park facility, the reports said.