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Micron will buy Qimonda's 35.6 percent stake in Inotera Memories.
Taiwan government rules out state-backed consolidation of memory chipmakers. New government-backed entity will focus on acquiring technologies and tapping existing plants.
Taiwan named a chip industry veteran to head a state-backed company that will merge six memory chipmakers.
The No. 3 maker of DRAM chip is entering the graphics memory business, taking on heavyweights Samsung and Hynix.