Word: powerchip
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...state aid, though, won't come without strings attached. ProMOS Technologies and Powerchip Semiconductor have asked the government for aid, and were told they must revise their proposals with more measures aimed at improving their competitiveness and technological capabilities. "The government sees this [aid] as an investment," Lu says, "We don't want to just bail out the industry." The result will likely be consolidation of the country's six major DRAM makers into fewer firms, including possible sales of stakes or entire companies to better capitalized foreign rivals. "It looks like merging is the direction of the industry," says...
...steelmakers are lobbying the incoming Obama Administration to include "Buy America" provisions in the proposed government stimulus package, to favor their own steel over foreign imports. A state development fund in Taiwan is raising $6 billion to aid companies in the industries considered strategic for the economy; Taiwan chipmaker Powerchip Semiconductor has already applied for government help. China, meanwhile, has restored or raised tax rebates over the past six months on more than 3,700 export items, including many consumer goods like toys, to assist struggling small exporters. The rebates can help keep the prices of Chinese exports...
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