Thursday, 10 May 2012

Micron in Talks to Acquire Elpida


Micron Technology Inc. said Thursday it is in talks with the trustees of failed Elpida Memory Inc. to acquire the Japanese memory-chip maker, in a move that would allow the U.S. company to grow its portfolio of memory products and become more competitive against rivals in South Korea and Taiwan.
Micron said in a statement it plans to become Elpida's financial sponsor and acquire Elpida's entire business as part of reorganization proceedings approved by the Tokyo District Court. Read More

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