Business Micron and Elpida complete acquisition
2013/07/31Micron has also completed its purchase of Powerchip’s 24% stake in Rexchip and has 100% control of Rexchip’s output.
The deal gives Micron a 25% share of the world DRAM market. This is the same as Hyinx’s market share and behind Samsung’s 42% share.
Elpida has a 300mm fab in Hiroshima and a test and assembly facility in Akita; Rexchip has a 300mm fab in Taiwan.
Elpida and Rexchip together can produce more than 185,000 300mm wafers per month, which represents an approximate 45% increase in Micron’s current manufacturing capacity.
Elpida is strong in mobile DRAM, targeting mobile phones and tablets which complements Micron’s strength in DRAM for networking and servers.
“We are pleased to bring together Elpida with Micron to form the industry’s leading pure-play memory company. This combination will result in enhanced R&D and manufacturing scale, significant cost and production synergies and a stronger memory product portfolio to provide solutions to our customers,” said Micron CEO Mark Durcan.
Yukio Sakamoto, CEO, President and co-trustee of Elpida, announced his resignation from Elpida. Micron and Elpida announced that Yoshitaka Kinoshita will replace Mr. Sakamoto as the President, Representative Director and Business Trustee of Elpida and become the President of Micron Japan.
“I want to personally thank Sakamoto-san for his efforts in helping bring Elpida and Micron together. I look forward to working with Kinoshita-san as we seek to strengthen our combined teams,” said Durcan.
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