Winbond Electronics, a computer-memory chipmaker that has progressively switched its business focus to specialty DRAM and NOR flash, has responded via a company filing with the Taiwan Stock Exchange (TSE) to recent speculation indicating a pending deal to participate in Taiwan Memory Company (TMC).

Winbond confirmed it has met with decision makers for the government-led TMC project, and stressed that talks are still ongoing. No concrete result has been reached, according to the filing.

Winbond earlier said that it would stay flexible and open to the government's consolidation plans, which have since switched the focus to industry restructuring.

Winbond shares shot up 7%, the daily limit at the Taiwan Stock Exchange (TSE), to NT$5.01 (US$0.15) in early trading Wednesday (April 8).

In related news, Winbond has announced revenues of NT$1.09 billion for March, up approximately 3% sequentially but down 50% on year. Accumulated sales for the first three months of 2009 totaled NT$3.13 billion, a decrease of 52% from 2008.

By: DocMemory
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