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Micron also buying Rexchip shares

Posted on Tuesday, July 03 2012 @ 20:23:52 CEST by

EE Times reports Micron didn't only acquire Elpida, but also revealed it will buy 24 percent of Rexchip. Together with Elpida's 65 percent stake in Rexchip, this will give Micron a 89 percent stake in the company.
At the same time Micron also announced it will buy 24 percent of Rexchip Electronics Corp. from Powerchip Technology Corp. and affiliates for about NT$10 billion (about $334 million). Elpida owns about 65 percent of Rexchip so, the two deals will give Micron an 89 percent stake in Rexchip.



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