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Ex-Elpida chief sets up China-backed Japan-Taiwan venture

TOKYO -- A former Elpida Memory president has established a new company to develop next-generation memory, combining Japanese and Taiwanese technology with China's financial clout.

     Sino King Technology, set up by Yukio Sakamoto, will be a key part of a roughly 800 billion yen ($7 billion) project by the Chinese city of Hefei to build a plant to churn out cutting-edge semiconductors. The company will develop memory chips and supply production technology. The first step will be designing low-power DRAM chips needed for Internet of Things technology, with mass production slated to start as early as the second half of 2017.

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