Japanese largest memory maker Elpida, which was established as a joint-venture between NEC and
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.
With the sale of a portion of their Elpida shares, Elpida will no longer be considered an equity-method holding of NEC and
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.