Micron to Acquire Elpida Memory in $2.5 Billion Deal

Here is some hometown news. 

Hometown being "my" home town considering that the Micron HQ is located about 10 miles from my present location.  Crucial, a division of Micron, is also close but not mentioned in the news story.

Micron, based in Boise, Idaho, also announced on Monday that it was buying a 24 percent stake in the Rexchip Electronics Corporation from the Powerchip Technology Corporation for about $334 million. Since Elpida owns a 65 percent stake in Rexchip, Micron will own 89 percent of that company once both deals close.

Elpida, which makes dynamic random-access memory chips used in personal computers and other products, filed for bankruptcy earlier this year amid mounting debt and falling chip prices. Although some analysts questioned Micron’s appetite for all of Elpida, the deal would allow Micron to expand its manufacturing capacity at a relatively low price.

Good news for Micron, makes you wonder how that will change the enthusiast memory market considering that Elpida made some of the better chips out there.

Related Web URL: http://dealbook.nytimes.com/2012/07/02/micron-to-a...