Japan's troubled chipmaker Elpida Memory Inc. is set to receive around 200 billion yen (2.1 billion dollars) in public and private financial aid over three years, according to a newspaper report.More details at AFP.
Under the plan, the government-backed Development Bank of Japan will acquire preferred shares in the company, with the government effectively guaranteeing 80 percent of them, the Nikkei business daily said.
Elpida to get $2.1 billion in aid
Posted on Sunday, June 28 2009 @ 19:26 CEST by Thomas De Maesschalck