Report: SK Hynix, Toshiba to Make Bid for Elpida
Japan’s Toshiba Corp. will join the bidding race to buy Elpida Memory Inc., according to reports from Reuters and Nikkei. In another report from Reuters, SK Hynix will also make a bid for Elpida.
Elpida sought bankruptcy court protection after racking up debts of 448 billion yen ($5.4 billion). It continues to operate, however, and is hoping to complete a restructuring plan by this August.
The last Japan-based DRAM maker is hoping that it will be acquired by Micron Technology or another bidder. Intel Corp., SK Hynix and Toshiba are reportedly in the mix, according to the reports. Recently, South Korean mobile company SK Telecom took a controlling interest in Hynix Semiconductor Inc., which is now called SK Hynix.
Elpida operates a large DRAM fab in Hiroshima, Japan, and another, smaller fab in Taiwan through its subsidiary there. As reported, shares of Elpida will be delisted as expected Wednesday (March 28) from the Tokyo Stock Exchange (TSE).
