Report touts Micron's exclusive right to buy Elpida
May 08, 2012 // Dylan McGrath
U.S. memory chip vendor Micron Technology Inc., has won the exclusive right to negotiate to buy failed Japanese DRAM vendor Elpida Memory Inc., after offering more than $2.5 billion, according to a report by the Reuters news service.
Part of the $2.5 billion bid will go toward paying down Elpida's debt load, which stands at about $5.5 billion, according to the Reuters report. The report quoted an anonymous source. That source also speculated that Micron's bid may be too low for Elpida to accept.
Micron appeared to be the most logical winner last week, when Hynix reportedly dropped out of the bidding. Elpida, which filed for bankruptcy earlier this year after a government bailout failed to materialize, began soliciting bids in March to satisfy its obligations to creditors.
Citing market research provided by IHS iSuppli, the Reuters report noted that the acquisition of Elpida would boost Micron's DRAM market share to 25 percent, surpassing SK Hynix Inc. for the No. 2 position among global DRAM vendors.
A separate Reuters report Monday (May 7), which cited Japan's Jiji news agency as its source, said Micron would invest more than $3.8 billion in Elpida's fabs in Japan and Taiwan over the next five years.
Smart buildings, smartphones will drive IR detector market
November 26, 2015
The infrared detector market was worth $209 million in 2014 with 247 million units shipped, and is rising to a value of about ...
Private ID as a service leverages smartphone-enabled biometrics
Like Micron, SK Hynix rejects Chinese advances
NXP, Freescale merger clears FTC hurdle
Thin film micro-lenses stretch to focus
German battery maker puts squeeze on Tesla's solar storage plans
November 26, 2015
German battery maker Sonnenbatterie has launched a scheme to connect households with solar panels and other consumers to ...
Report: Abu Dhabi holding talks over GloFo sale
InvenSense to add PUF security to sensors
Flexible sensor detects multiple ions in fluids
- Battery Size Matters
- Software-Defined Radio Handbook - 11th edition
- Multichemistry Buck Battery Charger Controller
- Automotive Circuit Protection using Littelfuse Automotive TVS Diodes
InterviewCEO interview: InvenSense's Abdi on expanding MEMS horizons
InvenSense Inc. is a MEMS company that has epitomized a fabless approach to a sector that is still highly reliant on a thorough grasp of the manufacturing and packaging processes. We interviewed CEO Behrooz ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, FTDI Chip is giving away six MCU development board packages complete with a dedicated compiler (including a full integrated development environment).
Worth Euro 315 each, the packages include a credit card sized Clicker 2 board for the FT90X 32-bit MCU supplied alongside a powerful dedicated compiler from MikroElektronika.
MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.