Micron Spends $3.5 Billion on ELPIDA

Idaho-based memory manufacturer, American company Micron Technology is the final buyer for the memory production facilities and I.P. belonging to the bankrupt Elpida. Micron has reportedly finalized the deal and will pay a total of 2.5 billion dollars for the Japanese memory maker.

There were many rumors regarding the acquisition, and many other companies were reportedly in the competition for the Hiroshima-based Elpida.

When the deal with Micron was almost finalized, there was a strange turn of events and the bankrupt memory company managed to achieve a larger portion of the memory market than its buyer itself.

Micron will also invest a further 1 billion dollars to increase the output of mobile memory chips such as LPDDR and LPDDR2, as this type of chip is in high demand nowadays.