HIROSHIMA, Japan -- Japanese DRAM vendor Elpida Memory Inc. said Tuesday (August 26, 2003) that it would takeover the control of one of the Hiroshima wafer fabs of its parent company NEC Corp.
A new semiconductor manufacturing company 'Hiroshima Elpida Memory, Inc.' is to start operation on September 1 as a wholly owned subsidiary of Elpida and it is planned that Hiroshima Elpida should integrate the manufacturing operations of NEC Hiroshima Ltd., which is a wholly owned subsidiary of NEC Corp.
Elpida said this would strengthen its DRAM business by reducing running costs. Hiroshima Elpida is due to lease the property and the 200-mm manufacturing facility from NEC Hiroshima, the company said.
Details of the transfer were not disclosed, nor whether the deal would have implications for the balance of ownership of Elpida, which is a joint venture formed by NEC and Hitachi in December 1999 and in operation since April 2000.
"As a leading DRAM company, our ability to control our own manufacturing is critical to the development and high-yield production of leading-edge products," said Yukio Sakamoto, president of Elpida Memory. "The formation of Hiroshima Elpida enables us to unify production and distribution as a DRAM manufacturer."