SAN JOSE, Calif. -- The end is near for Taiwan's DRAM venture.
Taiwan rejected a funding request for Taiwan Innovation Memory Co. (TIMC), formerly called Taiwan Memory Co., according to a report. That can be read here.
Originally, three Taiwan DRAM makers--Powerchip, ProMOS and Rexchip--were supposed to combine their operations into a new venture called TIMC. TIMC's technology partner is supposed to be Elpida Memory Inc. of Japan.