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resistion
In DRAM, Hynix has 23 nm and Samsung has 21 nm. Elpida went belly up before ...
R0ckstar
Accepting bids from their competitors for the opportunity to "invest" doesn't ...
Report: Elpida to solicit bids from potential investors
3/19/2012 6:24 PM EDT
SAN FRANCISCO—Troubled Japanese DRAM vendor Elpida Memory Inc. will solicit bids from investors in an effort to pull itself out of bankruptcy protection, according to a report by Japan's Nikkei newspaper.
Elpida, which filed for bankruptcy last month, aims to accept bids from new financial backers in May, according to the report.
The report indicates that Micron Technology Inc., which was reported to be in talks with Elpida for several weeks prior to the bankruptcy filing, is expected to make a bid. Intel Corp., the world's No. 1 chip vendor, is also a potential bidder, according to the report. Another potential bidder is Formosa Plastics Group, the parent company of Taiwanese DRAM vendor Nanya Technology Corp., according to the report.
Elpida plans to hold the first round of bidding before the end of this month and a second round next month, according to the report. Elpida hopes to complete its reconstruction and emerge from bankruptcy in July, according to the report.
Elpida, which filed for bankruptcy last month, aims to accept bids from new financial backers in May, according to the report.
The report indicates that Micron Technology Inc., which was reported to be in talks with Elpida for several weeks prior to the bankruptcy filing, is expected to make a bid. Intel Corp., the world's No. 1 chip vendor, is also a potential bidder, according to the report. Another potential bidder is Formosa Plastics Group, the parent company of Taiwanese DRAM vendor Nanya Technology Corp., according to the report.
Elpida plans to hold the first round of bidding before the end of this month and a second round next month, according to the report. Elpida hopes to complete its reconstruction and emerge from bankruptcy in July, according to the report.
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daleste
3/19/2012 10:16 PM EDT
Are they trying to get investors or buyers?
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resistion
3/20/2012 5:31 AM EDT
Should say donations not bids. Elpida wants to emerge in July.
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Dave.Dykstra
3/20/2012 9:41 PM EDT
More details might clarify the situation somewhat, but this certainly looks more like looking for buyers than investors.
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R0ckstar
3/21/2012 9:20 AM EDT
Accepting bids from their competitors for the opportunity to "invest" doesn't seem appropriate in this case, unless they just want to take their technology then shut down their fabs. I don't see any other scenario for a possible profit (or loss reduction) for the "investors".
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resistion
3/21/2012 9:42 AM EDT
In DRAM, Hynix has 23 nm and Samsung has 21 nm. Elpida went belly up before really starting 25 nm. Whoever takes over Elpida really does not gain an advantage over the South Korean DRAM competitors, in fact, only increases their own burden to support while attempting to catch up.
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