Micron also looks to buy Elpida

Subject: General Tech, Memory, Mobile | May 12, 2012 - 03:10 PM |
Tagged: micron, Elpida

Micron Technologies has confirmed that they are in talks to purchase Elpida Memory. Despite Toshiba pulling out of the race, the deal would have a rumored value of 2.51 Billion dollars. This deal would move Micron into the second largest DRAM producer, behind Samsung, with a 25 percent market share globally.

Elpida Memory, Inc. has been having troubles as a company for a couple of years.

Elpida was established as a company from its parent companies, NEC and Hitachi, in 1999 and took its current name the next year. Elpida has been delisted from the Tokyo Stock Exchange in late March, a month after filing for Bankruptcy.

Multiple companies have come and gone in talks to purchase Elpida. Toshiba and SK hynix have somewhat recently pulled out of negotiations as the American TPG Capital LP and the Chinese Hony Capital shared a bid for the manufacturer.

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Micron has just recently announced that they would place a bid for Elpida which, if completed, would push Micron past Hynix into the second largest DRAM producer by market share. Micron also seems to be interested in purchasing Elpida to access its mobile technology. While the actual bid is not public knowledge, it has been rumored to be worth around 2.51 billion dollars.

It may also be possible that none of the above deals would go through. Reuters reports that a group of debt holders for Elpida might push for their own plan if they feel that none of the current deals would suffice.

Source: Reuters
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