Bits + chips
Powerchip capital reduction application approved
Josephine Lien, Taipei; Jessie Shen, DIGITIMES

Powerchip Technology has completed and gained approval for an application to make a 60% cut in its paid-in capital allowing the net worth of its shares to rise to NT$2.15 (US$0.07) per unit from NT$0.86, according to the Taiwan-based memory chipmaker...

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