Micron completes purchase of Elpida Memory
Memory chip maker Micron Technology announced on the eve of the completion of its purchase of bankrupt Japanese rival Elpida Memory. At the same time the head of Micron Yukio Sakamoto told about his resignation, while the new head of the united Micron became CEO Micron Technology Mark Derkan. Analysts said that while the purchase of Elpida, Micron company becomes one of the largest manufacturers of DRAM-memory.
deal to buy Elpida has cost American companies $ 2 billion, while she Micron 5 of the last 10 years working at a loss, because for Micron deal with financial point of view is more expensive than. However, the head Micron said that the combined company is stronger than it was before the transaction, and in addition, Micron has enough resources to develop production and compete in the market.
Today Micron on the market competes with Samsung Electronics, Intel and SK Hynix. Previously, there were also present the company Texas Instruments, Qimonda and Elpida, but they changed the line or not other sectors of production, or have gone bankrupt. The remaining companies are no longer chasing the scale of production, and prefer socredotochitsya on profits. Micron said in a statement that under its control switching: capacities in Hiroshima, as well as 65% of the shares of Rexchip Electronics.
According to estimates IDC, buy Elpida actually doubled its share of Micron memory market. The combined company receives 28% of the market, compared to 26% of the market in SK Hynix and 37% of the market from Samsung Electronics.
Moreover, with the implementation of the transaction under the control of Micron moving production capacity of the total cost of about $ 5 billion, most of which is a new facility and others are scheduled for renewal in the next five years. recall that early uptake Micron Elpida exactly a year ago. Now, in addition to mentioned above capacity, control passes Micron Taiwan factory DRAM-memory as well as a test bed for testing products in the Japanese city of Akita.
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