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January 03, 2011, 2:12 AM EST
By Adela Lin
Jan. 3 (Bloomberg) -- Powerchip Technology Corp. shares dropped to the lowest ini more than one month in Taipei trading after Rexchip Electronics Corp. suspended shipments to Powerchip because of overdue accounts.
The stock of Taiwan’s largest maker of dynamic random- access memory chips fell 5.5 percent to NT$5.48 as of a.m. local time, set for the lowest since Nov. 30, 2010. The stock of Rexchip lost 0.5 percent to NT$18.90.
Some bills weren’t paid “due to financial constraints,” said Eric Tang, a spokesman for Hsinchu, Taiwan-based Powerchip on Friday, confirming the suspension. Powerchip is a key customer and major shareholder of Rexchip.
To contact the reporter on this story: Adela Lin in Taipei at alin95@bloomberg.net
To contact the editor responsible for this story: Janet Ong at jong3@bloomberg.net
Online Business Consulting | Internet Business Consulting
Jan. 3 (Bloomberg) -- Powerchip Technology Corp. shares dropped to the lowest ini more than one month in Taipei trading after Rexchip Electronics Corp. suspended shipments to Powerchip because of overdue accounts.
The stock of Taiwan’s largest maker of dynamic random- access memory chips fell 5.5 percent to NT$5.48 as of a.m. local time, set for the lowest since Nov. 30, 2010. The stock of Rexchip lost 0.5 percent to NT$18.90.
Some bills weren’t paid “due to financial constraints,” said Eric Tang, a spokesman for Hsinchu, Taiwan-based Powerchip on Friday, confirming the suspension. Powerchip is a key customer and major shareholder of Rexchip.
To contact the reporter on this story: Adela Lin in Taipei at alin95@bloomberg.net
To contact the editor responsible for this story: Janet Ong at jong3@bloomberg.net
Online Business Consulting | Internet Business Consulting