Japanese DRAM maker Elpida Memory filed for bankruptcy last month, and the company has now decided to find a new management team to run the company. A report in Taiwan’s Digitimes cites speculation that Micron Technology Inc. (NASDAQ: MU) has bid $1.5 billion for the failed company. Though not called a “stalking horse” bid, that is how Micron’s bid is described.
Digitimes also reports that Intel Corp. (NASDAQ: INTC), Toshiba, Globalfoundries, and others are considering making offers for Elpida. The first round of bidding is expected later this month, with a final round due in April.
The report from Digitimes suggests that some serious effort may be put forward by Japan to retain Elpida in the Japanese tent. The country is interested in maintaining a presence in the next big development in semiconductor manufacturing — integrating CPU, GPU, NAND flash, and mobile DRAM chips into one chip.
Are You Ahead, or Behind on Retirement? (sponsor)
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention.
Finding a financial advisor who puts your interest first can be the difference between a rich retirement and barely getting by, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been carefully vetted, and must act in your best interests. Start your search now.
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.