{"id":4139,"date":"2012-01-24T05:07:05","date_gmt":"2012-01-24T05:07:05","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=4139"},"modified":"2012-01-24T09:47:56","modified_gmt":"2012-01-24T09:47:56","slug":"elpida-in-talks-to-merge-with-micron-nanya-report","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/hardware\/4139\/elpida-in-talks-to-merge-with-micron-nanya-report\/","title":{"rendered":"Elpida in talks to merge with Micron, Nanya: report"},"content":{"rendered":"

Japan’s Elpida<\/a> Memory <6665.T> is in talks to merge with U.S. firm Micron Technology<\/a> <MU.O> and Taiwan’s Nanya Technology <2408.TW> , the Yomiuri newspaper reported on Tuesday, as the memory chip makers battle a weak market and well-funded South Korean rivals.<\/p>\n

Elpida, Japan’s last remaining player in the dynamic random-access memory (DRAM) market, also faces a debt repayment crunch in late March and early April that has stirred market worries and sent its shares tumbling to a record low earlier this month.<\/p>\n

Elpida said in a statement it would not comment on rumors and speculation. An Elpida spokesman added that some parts of the Yomiuri report were wrong but declined to be more specific.<\/p>\n

Elpida shares rose as much as 6 percent to 373 yen after the report and have gained more than 25 percent from their all-time low of 297 yen, as media reports in recent weeks of talks with potential partners including Micron, Nanya and Toshiba Corp<\/a> <6502.T> boosted confidence that the company would be able to put together a rescue plan.<\/p>\n

The Yomiuri report said Elpida, Micron and Nanya planned to begin due diligence soon and that Elpida may seek an investment of as much as 100 billion yen ($1.3 billion) from the Innovation Network Corp of Japan, a public-private partnership that supports technology companies.<\/p>\n

Elpida President Yukio Sakamoto made an unscheduled trip to the United States last week, returning to Japan on Thursday, sources familiar with the situation said, although sources at financial institutions doing business with Elpida said at the time that they had received no word of progress on a possible Micron deal.<\/p>\n

The DRAM market has been hit by slumping prices in a weak economy and as consumers switch to tablets that use flash memory instead of DRAM chips.<\/p>\n

Elpida, which has also been battered by the strong yen, faces 92 billion yen in loan and corporate bond repayments due in late March and early April.<\/p>\n","protected":false},"excerpt":{"rendered":"

Japan’s Elpida Memory <6665.T> is in talks to merge with U.S. firm Micron Technology and Taiwan’s Nanya Technology <2408.TW> , the Yomiuri newspaper reported on Tuesday, as the memory chip makers battle a weak market and well-funded South Korean rivals.<\/p>\n","protected":false},"author":7,"featured_media":4145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[25,143,1003,1001,997,999],"class_list":["post-4139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hardware","tag-active","tag-elpida","tag-memory","tag-merger","tag-micron","tag-nanya"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/4139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=4139"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/4139\/revisions"}],"predecessor-version":[{"id":4221,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/4139\/revisions\/4221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/4145"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=4139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=4139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=4139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}