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Micron acquires memory maker Elpida for $2 billion

Micron becomes the second largest supplier of mobile memory after its acquisition of Elpida (NASDAQ:MU, TYO:6665, NASDAQ:AAPL)
| Business, Financial & Legal News | Posted: Aug 2, 2013 7:25 am

Micron have just closed a deal to purchase Elpida for an estimated $2 billion. Micron have been working on the deal to acquire the Japan-based company since mid last year.




Included in the deal are the entirety of Elpida's assets, which include a DRAM fabrication facility located in Hiroshima, Japan and a 65% stake in Rexchip, who are another memory company with a DRAM fabrication facility in Taiwan. Micron also scored Elpida's 100% stake in Akita Elpida Memory, who owns an assembly and test facility in Akita, Japan.


During a statement, Micron said that Elpida had built themselves a strong presence in the mobile DRAM market using advanced technologies to target mobile phones and tablets. Considering Elpida is one of Apple's biggest clients, this is a huge opportunity for Micron.


Micron now has the ability to produce over 185,000 300mm wafers per month, which doubles their current manufacturing capacity by 45%.


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