Micron to buy $500 million of Elpida shares?

Posted on January 30, 2012 - 21:59 CET by Thomas De Maesschalck

DigiTimes reports Micron is rumored to buy $500 million of Elpida shares:

Micron Technology reportedly will spend at least US$500 million to buy a stake in Japan rival Elpida Memory, according to a Chinese-language Economic Daily News (EDN) report. The speculation came on the heels of various other media reports that Elpida would propose an equity tie-up with Micron with some decision to be made as soon as February.

Elpida has reiterated that it declines to comment on speculation.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

Thanks. Your comment is waiting for moderation.

Your comment was published.

Human verification failed. Please try again.

Check your name and comment, then try again.

That name is reserved. Please choose another.

Comments (0)

No comments yet.

Share this story!

Micron to buy $500 million of Elpida shares?

About the Author

Comments (0)

Leave a comment

Latest reviews