Updated Saturday, August 25, 2007 0:00 am TWN, TAIPEI, Bloomberg

Macronix extends memory chip agreement with International Business Machines Corp.

Macronix International Co., the Taiwan memory semiconductor maker, extended a three-year agreement with International Business Machines Corp. to develop chips used to store data in consumer electronics devices.

The agreement became effective on July 22 and ends Jan. 21, 2010, Hsinchu-based Macronix said in a filing to the Taiwan Stock Exchange yesterday that didn’t disclose financial terms.

IBM, based in Armonk, New York, is the world’s second- largest software maker. Shares of Macronix, whose largest customer is games console maker Nintendo Co., rose 3.1 percent to close at NT$21.50 in Taipei yesterday.

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