TAIPEI – In a move to avert a meltdown among one its five major DRAM makers, Taiwan on Tuesday announced plans to help them both technologically and financially.

The government plans to work with DRAM makers to build more homegrown technology, boost their ability to repay loans and encourage companies to combine in order to become more competitive, the island’s economics ministry said in a statement.

The move came on the same day the state of Saxony announced a bailout for Germany’s only DRAM maker, Qimonda. The state government will loan Qimonda