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resistion
Hynix now has deeper pockets, thanks to its new host SK Group. It's analogous to ...
Wooooooooom
Why would an investment firm want to put money into the DRAM business?
Toshiba reportedly bows out of Elpida bidding
4/5/2012 4:47 PM EDT
SAN FRANCISCO—Toshiba Corp. no longer plans to bid for a stake in fellow Japanese chip vendor Elpida Memory Inc., according to a Reuters news service report that cites two Japanese newspapers as its source.
Toshiba, which got out of the DRAM business several years ago, was urged by the Japanese government to invest in Elpida earlier this year, prior to Elpida filing for bankruptcy in February. Toshiba reportedly declined, but last week, Japan's Nikkei newspaper reported that the firm would bid for Elpida.
Reuters reported Thursday (April 5) that Japan's Asahi and Mainichi newspapers reported that Toshiba would exit the bidding. The newspapers did not provide specifics, Reuters said.
According to a separate Reuters report, also citing unnamed sources, Toshiba approached South Korea's SK Hynix Inc. about the possibility of the two companies making a joint bid for Elpida. According to the Reuters report, Micron Technology Inc., Hynix and an investment firm all put in second-round bids for Elpida after Toshiba opted out.
Toshiba, which got out of the DRAM business several years ago, was urged by the Japanese government to invest in Elpida earlier this year, prior to Elpida filing for bankruptcy in February. Toshiba reportedly declined, but last week, Japan's Nikkei newspaper reported that the firm would bid for Elpida.
Reuters reported Thursday (April 5) that Japan's Asahi and Mainichi newspapers reported that Toshiba would exit the bidding. The newspapers did not provide specifics, Reuters said.
According to a separate Reuters report, also citing unnamed sources, Toshiba approached South Korea's SK Hynix Inc. about the possibility of the two companies making a joint bid for Elpida. According to the Reuters report, Micron Technology Inc., Hynix and an investment firm all put in second-round bids for Elpida after Toshiba opted out.
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Wooooooooom
4/6/2012 11:56 AM EDT
Why would an investment firm want to put money into the DRAM business?
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resistion
4/6/2012 12:56 PM EDT
Hynix now has deeper pockets, thanks to its new host SK Group. It's analogous to Taiwan's Nanya. It might give advantage over Micron in the bidding. So Intel has to back Micron in the bid, otherwise be responsible for SK suppression of Micron in DRAM.
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