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Nikkei: Micron will purchase Elpida for $ 2.5 billion 02.07.2021 [09:51], Vladimir Mironenko

Reputable Nikkei has verified rumors that Micron tech plans to obtain memory module maker Elpida Memory for 200 billion yen ($ 2.5 billion). With this amount, about 140 billion goes to cover off the debts of a Japanese company. The total debt of the memory maker is mostly about 420 billion yen, but about 70% of this amount, according to Nikkei, without naming the source of data, the creditors chose to forgive, that is, not to ever demand payment. Before any financial transactions can start, Elpida, which along with memory additionally produces potato chips for smart phones and pills, will need to approve a restructuring plan in Tokyo District Court by August 21.

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Early in the day it was reported that the acquisition of Elpida would double Micron's almost share of the DRAM market, second only to leader Samsung Electronics. According to TrendForce Corp, in the first quarter of 2021. Samsung had 41.4% DRAM market share, accompanied by SK Hynix with 23.9per cent, Elpida 12.4percent and Micron 11.6%.

Relevant materials:

• SK Hynix and GlobalFoundries are in speaks to purchase Elpida;
• Micron Bids Over $ 2.5 Billion for Elpida;
• Micron Wins Elpida Bid;
• inSpectrum: Elpida bankruptcy drives DRAM chip prices up.