Micron Technology Inc completed its ￥200 billion (US$2 billion) acquisition of Elpida Memory Inc on Tuesday, as it seeks to deliver sustainable profits in the volatile market for memory chips used in PCs and mobile devices.
Micron — which has reported a net loss in five out of its past 10 fiscal years — now has enough scale in the maturing industry to weather the price swings that have eroded its profits in the past, chief executive Mark Durcan said.
“I believe that Micron, to a greater extent than ever before, controls its own destiny,” Durcan said.
Elpida, the last Japanese maker of computer memory chips, sought bankruptcy protection last year after losses left it unable to pay debts.
The Tokyo District Court approved Micron’s offer in February, clearing the last major hurdle for the takeover.
Elpida’s assets include a fabrication plant in Hiroshima and an 65 percent stake in Rexchip Electronics Corp, it said in a joint statement with Micron.
Buying Elpida will nearly double Micron’s share of the global DRAM chips market. Combined, the two will have 28 percent of the market.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in server chips, expects revenue to decline this year due to sagging demand for 5-nanometer artificial intelligence (AI) chips from a North America-based major customer, a company executive said yesterday. That would be the first contraction in revenue for Alchip as it has been enjoying strong revenue growth over the past few years, benefiting from cloud-service providers’ moves to reduce dependence on Nvidia Corp’s expensive AI chips by building their own AI accelerator by outsourcing chip design. The 5-nanometer chip was supposed to be a new growth engine as the lifecycle
RSS