'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
Memory-chip maker Micron Technology Inc. has agreed to buy Elpida Memory Inc. for approximately $750 million in cash in a deal that would boost its wafer manufacturing capacity by about 50 percent.
Taiwan's government said Wednesday it would continue to push for the consolidation of the island's memory chip makers with Elpida Memory Inc., two days after the Japanese chipmaker filed for bankruptcy.
Computer chipmaker Elpida Memory Inc. filed for Japan's largest manufacturing bankruptcy Monday after amassing debts from nose-diving prices, competition from Samsung and flooding in Thailand last year that stifled demand.
Market research group IHS iSuppli said Friday that last week's earthquake in Japan could cause shortages of Apple Inc.'s iPad 2 tablet computer.