Taiwan still seeks possible merger with Elpida

Associated Press

TAIPEI, Taiwan (AP) — Taiwan's government says it will continue to push for the island's memory chip makers to consolidate with Elpida Memory Inc. if the Japanese chipmaker is restructured after filing for bankruptcy.

The Economics Ministry said Wednesday that U.S. chipmaker Micron Technology Inc. is expected to continue to play a key part in the possible consolidation including Elpida.

Elpida filed for bankruptcy Monday after amassing debts from nose-diving prices.

Elpida and Micron have discussed consolidation with the six Taiwanese makers to head off intense competition from South Korea's Samsung Electronics.