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Micron Acquires Elpida Memory

Two long-time chip rivals made amends this year when Micron Technology announced in July it was acquiring Elpida Memory in a $2.5 billion deal.

The acquisition will grant Micron full ownership over all of Elpida’s assets, including a DRAM fabrication facility in Hiroshima, Japan; an assembly and test facility in Akita, Japan; and approximately a 65 percent ownership stake in Taiwanese chip-maker Rexchip.

The deal will allow Micron to bolster its DRAM portfolio and bring its production capacity to new heights, and it will also help the ailing Elpida, which filed for bankruptcy earlier this year, repay some of the nearly $5 billion it owes in debt.

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