Bookmark and Share


Japanese largest memory maker Elpida, which was established as a joint-venture between NEC and Hitachi announced that its major shareholders had sold a portion of their Elpida shares. The result is unlikely to affect business between the three companies, but will formally allow Elpida to make decisions about its future.

NEC has reduced its stake in Elpida to 13.89% from the previous 23.84% by selling 9.6 million Elpida shares to Daiwa Securities SMBC, which then sold them to Daiwa Securities SMBC Europe Limited as well as institutional investors. Hitachi has cut its stake from 23.84% to 19.7%, Elpida said.

With the sale of a portion of their Elpida shares, Elpida will no longer be considered an equity-method holding of NEC and Hitachi. However, the business relationships with the two companies will remain the same, and Elpida does not expect a change in their Elpida share ownership to affect its business performance.

In 2004 Elpida was the No. 5 maker of dynamic random access memory (DRAM) on the planet that controlled about 6% of shipments according to IC Insights research agency.


Comments currently: 0

Add your Comment

Related news

Latest News

Monday, April 14, 2014

8:23 am | Microsoft Vows to Release Xbox 360 Emulator for Xbox One. Microsoft Xbox One May Gain Compatibility with Xbox 360 Games

Tuesday, April 1, 2014

10:39 am | Microsoft Reveals Kinect for Windows v2 Hardware. Launch of New Kinect for Windows Approaches

Tuesday, March 25, 2014

1:57 pm | Facebook to Acquire Virtual Reality Pioneer, Oculus VR. Facebook Considers Virtual Reality as Next-Gen Social Platform

1:35 pm | Intel Acquires Maker of Wearable Computing Devices. Basis Science Becomes Fully-Owned Subsidiary of Intel

Monday, March 24, 2014

10:53 pm | Global UHD TV Shipments Total 1.6 Million Units in 2013 – Analysts. China Ahead of the Whole World with 4K TV Adoption

10:40 pm | Crytek to Adopt AMD Mantle Mantle API for CryEngine. Leading Game Developer Adopts AMD Mantle

9:08 pm | Microsoft Unleashes DirectX 12: One API for PCs, Mobile Gadgets and Xbox One. Microsoft Promises Increased Performance, New Features with DirectX 12

3:33 pm | PowerVR Wizard: Imagination Reveals World’s First Ray-Tracing GPU IP for Mobile Devices. Imagination Technologies Brings Ray-Tracing, Hybrid Rendering Modes to Smartphones and Tablets

2:00 pm | Nokia Now Expects to Close Deal with Microsoft in Q2. Sale of Nokia’s Division to Close Next Month