DRAM maker Powerchip Semiconductor Corporation (PSC) has indicated that it is not the source of a Chinese-language Economic Daily News (EDN) report saying it will buy back an about 10% stake in Rexchip Electronics that it sold to Elpida Memory. The company added that the report is merely market speculation.
Elpida now has a 64% stake in Rexchip, after acquiring 350 million Rexchip shares from PSC as partial repayment of its loan to the Taiwan partner.