Micron Acquisition Leads The Micro-chip Industry In The Hands Of Three Market Leaders

Posted on Jul 3 2012 - 12:30pm by Editorial Staff

Micron Technology yesterday announced that it had signed a definite sponsor agreement with Elpida Memory to acquire and support Elpida in which Micron will acquire 100 percent of the equity of Elpida for 60 billion Yen (approximately USD $750 million) which to be paid in cash at closing. Now, Reuters is reporting that with the acquisition, Micron puts the 90 percent of $30 billion global chip memory industry in the hands of three market leaders: Samsung Electronics Co, Micron and SK Hynix, means the company ends a bruising era of extreme price volatility that has forced smaller players out of business.

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