Micron Technology Inc. (MU) Chief Executive Steve Appleton said Thursday he sees no compelling reason to join in the Taiwanese government's plan to aid its struggling memory chip industry.

"We're still in discussions with the Taiwan government," Appleton said in a conference call to discuss Micron's fiscal second-quarter earnings. However, based on the deal made by Taiwan and Japanese memory maker Elpida Memory Inc. (6665.TO), Appleton doesn't see a reason for Micron to participate.

"We're interested in finding somthing that really makes sense for us," he added.

Micron reported its ninth consecutive loss Thursday as the memory chip sector continues to struggle from excess supply. The recession has added to the market's woes by slowing demand.

Micron shares were recently down 2.8% at $4.50 in after hours trading.

-By Jerry A. DiColo, Dow Jones Newswires; 201-938-5670; jerry.dicolo@dowjones.com