It is said that Micron Technology, will be approximately $ 750 million cash acquisition of the Japanese chip maker Elpida (Elpida), which will boost the company to become the second-largest global PC memory chip market makers, second only to Samsung Electronics. cell phone case wholesale
Due to the difficult market environment and global competition has led to Elpida filed for bankruptcy protection in February this year, the liabilities of 448 billion yen ($ 5.6 billion), Elpida has been seeking investors to support its restructuring plan.
This is Japan's largest manufacturer of bankruptcy. Elpida's chips for smart phones and tablet PCs.
With the Tablet PC more and more popular in the market, the needs of the PC memory chip and thus affected, are increasingly high cost of implementing new technology, DRAM manufacturers face increasing pressure.
Under the agreement announced on Monday announced Micron will be repaid by annual installments, the repayment of Seoul will be up to creditors a total of about $ 1.75 billion debt until 2019. Micron will be $ 334 million acquisition of Powerchip Technology (Powerchip Technology) held 24% Rexchip Electronics (Rexchip Electronics) shares. Elpida has about 65% stake in Rexchip. cellphone accessories wholesale
The past few weeks has been working with Elpida, Micron acquisition of exclusive negotiations. U.S. private equity firm TPG and Hony Capital in early May to participate in the final round of bidding, South Korea's Hynix was pulled out of bidding.
Elpida has a 13.1% share of the global DRAM chip market, according to market research firm IHS to iSuppli, Micron has 11.6%. Combination of both will so that Hynix's market share exceeds 23%. Market leader Samsung has about 42.2% of the share.
In a statement, Micron CEO Mark Decken (Mark Durcan), said the deal will create the industry's leading pure memory company, the merger of the two company's R & D and manufacturing scale.
Elpida said in a statement, Micron's acquisition will make continued performance of its obligations to creditors, and is powerful evidence of the value of Elpida's technology, products and talents. Samsung Cases
The transaction Elpida's creditors, the Tokyo District Court and the approval of antitrust authorities.
Due to the difficult market environment and global competition has led to Elpida filed for bankruptcy protection in February this year, the liabilities of 448 billion yen ($ 5.6 billion), Elpida has been seeking investors to support its restructuring plan.
This is Japan's largest manufacturer of bankruptcy. Elpida's chips for smart phones and tablet PCs.
With the Tablet PC more and more popular in the market, the needs of the PC memory chip and thus affected, are increasingly high cost of implementing new technology, DRAM manufacturers face increasing pressure.
Under the agreement announced on Monday announced Micron will be repaid by annual installments, the repayment of Seoul will be up to creditors a total of about $ 1.75 billion debt until 2019. Micron will be $ 334 million acquisition of Powerchip Technology (Powerchip Technology) held 24% Rexchip Electronics (Rexchip Electronics) shares. Elpida has about 65% stake in Rexchip. cellphone accessories wholesale
The past few weeks has been working with Elpida, Micron acquisition of exclusive negotiations. U.S. private equity firm TPG and Hony Capital in early May to participate in the final round of bidding, South Korea's Hynix was pulled out of bidding.
Elpida has a 13.1% share of the global DRAM chip market, according to market research firm IHS to iSuppli, Micron has 11.6%. Combination of both will so that Hynix's market share exceeds 23%. Market leader Samsung has about 42.2% of the share.
In a statement, Micron CEO Mark Decken (Mark Durcan), said the deal will create the industry's leading pure memory company, the merger of the two company's R & D and manufacturing scale.
Elpida said in a statement, Micron's acquisition will make continued performance of its obligations to creditors, and is powerful evidence of the value of Elpida's technology, products and talents. Samsung Cases
The transaction Elpida's creditors, the Tokyo District Court and the approval of antitrust authorities.
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