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Toshiba and Hynix are circling bankrupt Elpida

Micron might have some competition
Fri Mar 30 2012, 11:03

RIVAL SEMICONDUCTOR FIRMS are circling bankrupt Japanese DRAM manufacturer Elpida, with Toshiba and Hynix joining Micron as potential investors.

Elpida filed for bankruptcy last month after it failed to find an investor to help it service a $5.5bn mountain of debt. Micron has been heavily tipped to take a stake in Eplida but reports suggest Toshiba and Hynix are also eyeing investments in what has been the second largest DRAM maker behind Samsung.

Toshiba said it is considering making an investment in Elpida either on its own or as part of a consortium. However Toshiba has significant debts of its own, and while it might have the cash to invest given the weak DRAM market, it will be interesting to see how much more the firm wants to invest in its DRAM business.

Korean DRAM maker Hynix has been asked by the Korean stock exchange to comment on whether it has tabled a bid for Elpida. Hynix has to reply to the comment by noon on 2 April, after the Yonhap Infomax news agency reported that Hynix had filed a bid for Elpida.

Micron has stayed relatively quiet about its plans for Elpida, but it is widely thought that the two firms have held talks. However just how far those talks have progressed is up in the air, and Micron's recent financial results showed it too has been suffering, reporting flat sales. µ


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