Micron Bids for Japan’s Bankrupt Elpida (MU, INTC)
Japanese DRAM maker Elpida Memory filed for bankruptcy last month, and the company has now decided to find a new management team to run the company. A report in Taiwan’s Digitimes cites speculation that Micron Technology Inc. (NASDAQ: MU) has…
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Digitimes also reports that Intel Corp. (NASDAQ: INTC), Toshiba, Globalfoundries, and others are considering making offers for Elpida. The first round of bidding is expected later this month, with a final round due in April.
The report from Digitimes suggests that some serious effort may be put forward by Japan to retain Elpida in the Japanese tent. The country is interested in maintaining a presence in the next big development in semiconductor manufacturing — integrating CPU, GPU, NAND flash, and mobile DRAM chips into one chip.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
