Micron to Buy Elpida

5 Jul 2012  /  10:20am  /  By Ng Chong Seng

Memory maker Micron is intending to buy ailing Japanese DRAM competitor Elpida for US$2.5 billion. The move will propel Micron's market share from 12.2% to 24.8%, moving it from fourth place to second place, just behind Samsung.