Micron to Acquire Taiwanese Chip Company Inotera For $3.2 Billion
John Williamson / 8 years ago
Micron Technology Inc. is an American manufacturer of memory chips, including dynamic random-access memory, flash memory, and solid-state drives. The company announced today it will purchase the remaining 67% of shares in Taiwan’s Inotera Memories Inc. This is a deal valued at $3.2 billion and gives Micron full ownership of this particular outfit. During November, Inotera’s monthly sales fell by 23% and reported the lowest monthly revenue this year. Micron’s Chief Executive, Mark Durcan said in a statement:
“The acquisition is the culmination of a highly successful seven year partnership with Inotera,”
The semiconductor business is very competitive and perhaps Micron wants a greater say in the production line. This is clearly a huge sum of money, but the falling sales figures might have made the takeover bid make more business sense. With the growth of ultra fast PCI-E drives, there’s the possibility of SATA devices being replaced in the future. Although, this could take some time. Whatever the case, it will be fascinating to see how Micron’s development continues and the effect of this acquisition.
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