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SK Hynix Drops Out Of Race To Acquire Elpida
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SK Hynix Drops Out Of Race To Acquire Elpida
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9th May 2012, 07:57
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,563
 |  SK Hynix Drops Out Of Race To Acquire Elpida Japanese DRAM maker Elpida has been reporting chronic financial problems since the beginning of 2012. It soon filed for bankruptcy, driving interest in competitors Toshiba, Global Foundries, Micron and Hynix (SK Hynix), to acquire it. Hynix has now reportedly withdrawn from the Elpida takeover bid. The withdrawal is likely due to its own financial situation. Hynix is not the first to withdraw from the bid, the first to drop out was Toshiba. With the two gone, Micron Technology is next in line, with a bid of US $1.4 billion to buy out Elpida. http://www.techpowerup.com/165602/SK...re-Elpida.html |
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