News
 

Bookmark and Share

(0) 

Micron Technology has finalized terms of the deal to acquire Elpida Memory, the bankrupt maker of dynamic random access memory (DRAM), from Japan, according to a local media report. The U.S.-based maker of computer memory will pay around $2.5 billion for Elpida's assets.

The list of potential companies to acquire Elpida was narrowed down in May, when Micron gained exclusive rights to bid for the insolvent DRAM manufacturer. Micron Technology has since assessed Elpida production facilities and technologies and held negotiations on debt forgiveness with creditors of Elpida, including financial institutions, leasing companies, and major holders of Elpida bonds, reports Nikkei.

As a result of the negotiations, Micron will have to pay ¥200 billion ($2.5 billion) for Elpida's manufacturing facilities, intellectual properties and other assets. Of ¥200 billion, around ¥140 billion will be paid to creditors of Elpida, while the rest will go to Elpida's business partners who hold uncollateralized loan claims.

Micron reportedly plans to invest another ¥100 billion (~$1.25 billion) in Elpida fabrication facilities in order to boost output of mobile DRAM used on mobile devices, such as LPDDR, LPDDR2 and other.

Since the deal is not announced officially, neither Elpida, nor Micron have commented on the news-story.

Tags: Micron, Elpida, Business, DRAM

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Thursday, August 28, 2014

12:22 pm | AMD Has No Plans to Reconsider Recommended Prices of Radeon R9 Graphics Cards. AMD Will Not Lower Recommended Prices of Radeon R9 Graphics Solutions

Wednesday, August 27, 2014

9:09 pm | Samsung Begins to Produce 2.13GHz 64GB DDR4 Memory Modules. Samsung Uses TSV DRAMs for 64GB DDR4 RDIMMs

Tuesday, August 26, 2014

6:41 pm | AMD Quietly Reveals Third Iteration of GCN Architecture with Tonga GPU. AMD Unleashes Radeon R9 285 Graphics Cards, Tonga GPU, GCN 1.2 Architecture

Monday, August 25, 2014

6:05 pm | Chinese Inspur to Sell Mission-Critical Servers with AMD Software, Power 8 Processors. IBM to Enter Chinese Big Data Market with the Help from Inspur

Sunday, August 24, 2014

6:12 pm | Former X-Bit Labs Editor Aims to Wed Tabletop Games with Mobile Platforms. Game Master Wants to Become a New World of Warcraft