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Micron to buy Elpida Shares, to the tune of $500 million worth

Micron is looking to spend $500 million on Elpida shares

| Business, Financial & Legal News | Posted: Jan 31, 2012 6:24 am

Micron Technology, an Idaho-based company, is looking to slap down $500 million to purchase a stake in it's Japan-based rival, Elpida.

 

TweakTown image news/2/2/22473_04_micron_to_buy_elpida_shares_to_the_tune_of_500_million_worth.jpg

 

Previous reports from Taiwanese Nanya Technology and Inotera Memories have both stated that DRAM makers should consider combining forces to help the industry's sustainable development.

 

This could mean we will see increases of DRAM prices during this year, as 2011 has been an absolutely amazing year for memory pricing. Will we see an increase in pricing of DRAM, as companies get rid of their over-stocked warehouses, and begin to start the process again.

 

TweakTownTip: Buy your DRAM now if you want to get it cheap, I see it rising in the next few months and even if it doesn't (by a fair margin), it can't get much lower than it is now.

 

Elpida have refused to comment on this latest move.

NEWS SOURCE
Techpowerup.com

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