Taiwan Memory Company (TMC) plans to initially purchase a 10% stake in Elpida Memory, in exchange for the Japan memory chipmaker's patent rights, industry sources familiar with the TMC-Elpida partnership have revealed.

If TMC's acquisition of Elpida shares is finalized, Micron Technology may also ask TMC to buy its shares on similar terms, according to the sources. The US government reportedly has lobbied the Taiwan government to let Micron have a part in TMC, but the company has dismissed the speculations.

Elpida recently raised new funding of 45.89 billion yen (US$469 million) via private placement initiated by its newly-founded consolidated subsidiaries.

The Japan-based memory chipmaker posted its fifth straight quarterly loss in the third quarter of fiscal 2008, with the loss almost doubling on year.

By: DocMemory
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