No matter how you cut it, Elpida's demise is a blow to the Japanese government. Japan used its tax payers' money to invest 40 billion yen ($500 million) in Elpida in 2009 in a bid to salvage the country's last maker of PC memory.
Dyland your headline nearly caused me to choke on my breakfast-prophecy or what? With all the companies and entities that Micron has eaten up I wonder how long it might be before the sounds of choking start to be heard from them? What happens to the $1.75Billion in easy instalments if there is a significant downturn between now and 2019? Maybe just too big to fail-heard that somwhere before?