Hynix-Micron deal close to climax

THE HYNIX STOCK PRICE got a huge tiger in its tank today after Korean wires reported that a deal between the major Dramurai of the East and Micron, the only real Dramurai of the West, was close to signing.

The Korea Times, which broke the news yesterday that Micron CEO Steve Appleton had secretly flown into Seoul, quoted informed sources as saying that the two companies, whose core business is DRAM (dynamic random access memory), were on the edge of signing a memo of understanding.

One Hynix official was quoted as saying that the two firms couldn't pursue an independent existence and that the differences between it and Micron were tiny.

The deal could be signed within the week, and the paper thinks it's likely that the two firms will merge their DRAM production with Micron taking a share in the non- memory business Hynix has.

In other DRAM news, Siemens yesterday reduced its share in Infineon, the German Dramurai it spawned, fuelling speculation that Infineon too was limbering up for a Hynix-Micron experience. µ

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Korea Times
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