View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
August 2, 2013

Micron acquires Apple supplier for $2bn

Deal for Elpida makes Micron second largest memory chip maker in the world.

By CBR Staff Writer

A $2bn deal for one of Apple’s suppliers has made Micron the second largest memory chip maker in the world.

The acquisition of Japanese DRAM maker Elpida ensures Micron climbs ahead of its rival, SK Hynix.

Apart from giving Micron 100% ownership in Elpida, the acquisition also gives the company a 300mm DRAM fab in Hiroshima, Japan, and about 65% ownership interest in Rexchip, according to the company.

CEO Mark Durcan told Bloomberg News that he believed that the memory industry would see better days ahead.

"I believe that Micron, to a greater extent than ever before, controls its own destiny," he added. "We have enough scale, we have enough resources."

Elpida had filed for bankruptcy in early 2012, after going through five unprofitable quarters and ending up with liabilities worth $5.5bn.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU