Micron to acquire Elpida




/ 12 years ago

The ailing Japanese DRAM giant, Elpida, is set to be taken over by Micron. The bidding process which encapsulated Micron, Toshiba and Global Foundries resulted in Micron placing the highest bid which is suggested to be between $1.3-1.5 billion. Elpida’s company value is mainly tied up in its biggest asset, its Hiroshima manufacturing facility valued at $1 billion.

Micron are reported to have around $2.1 billion available for short term investments such as this take over deal. Micron recently reported a loss of $224 million for 2012 fiscal second quarter ending March the 1st. However, as DRAM prices begin to pick up again this relatively cheap acquistion of Elpida should reap benefits for Micron in the long term as well as saving the jobs of many Elpida workers.

Source: Tom’s Hardware



Support eTeknix.com

By supporting eTeknix, you help us grow and continue to bring you the latest newsreviews, and competitions. Follow us on FacebookTwitter and Instagram to keep up with the latest technology news, reviews and more. Share your favourite articles, chat with the team and more. Also check out eTeknix YouTube, where you'll find our latest video reviews, event coverage and features in 4K!

Looking for more exciting features on the latest technology? Check out our What We Know So Far section or our Fun Reads for some interesting original features.

eTeknix Facebook eTeknix Twitter eTeknix Instagram eTeknix Instagram
  • Be Social With eTeknix

    Facebook Twitter YouTube Instagram Reddit RSS Discord Patreon TikTok Twitch
  • Features


Send this to a friend
})