Micron to close Elpida purchase by Wednesday

broberts@idahostatesman.comJuly 29, 2013 

Boise's Micron Technology Inc. expects to complete its acquisition of the bankrupt Japanese memory chip company Elpida Memory Inc. by Wednesday.

The closing is subject to the approval of Tokyo District Court.

Elpida makes dynamic random-access memory, which Micron also makes. Each company hovers between 10 and 13 percent of the DRAM market, according to Mike Howard, a Boise semiconductor analyst for IHS iSuppli and a former Micron employee.

After the acquisition, Micron may rival South Korean chip maker SK Hynix Inc., the No. 2 DRAM producer with about 25 percent of the market, Howard said last month. South Korea's Samsung Electronics Co. leads the DRAM industry with about 40 percent of the market.

DRAM is the most common type of memory in personal computers. It loses data without power. Micron's other principal product is flash memory, which retains information after being turned off, is used in smartphones and other mobile devices as well as solid state drives in computers.

Micron also expects to close on its acquisition of a 24 percent share of Rexchip Electronics Corp. in Taiwan from Powerchip Technology Corp. Elpida has about a 65 percent stake in Rexchip, so Micron will end up with nearly 90 percent of Rexchip.

Bill Roberts: 377-6408

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