Micron offers $2 billion for Hynix

THERE'S A LITTLE CONFUSION now on exactly how much Micron is willing to pay for Hynix, with the Korea Herald reporting today that it's only offered between $1.5 billion and $2 billion for the firm's DRAM production lines.

But a separate story on Reuters said that the amount was still hovering around the $5 billion mark and that's for the whole of its memory business.

The Herald says that all Micron wants is the seven memory production lines of Hynix, while taking a 20 per cent stake in its non memory business.

We'd suspect that Micron CEO Steve Appleton, well known in the industry for being something of a tough nut, would be arguing to pay much less than $5 billion for more, but the lower sum of $2 billion is unlikely to be good enough for the debt laden Korean Dramurai.

The option of trading stock for assets is still on the table, but the Herald says that Hynix doesn't want to just offload its DRAM, leaving it with a much smaller business in Flash memory, and SRAM.

You can find the Korea Herald story here. µ