SK hynix refused to participate in Elpida bidding auction
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POSTER: computer news || SK HYNIX REFUSED TO PARTICIPATE IN ELPIDA BIDDING AUCTION |
DATE:2012-05-04 |
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According to Reuters, the South Korean company SK hynix refused to participate in the bidding auction , which must decide the fate of bankrupt Japanese memory manufacturer. The company attributed the decision to withdraw its bid because the purchase of Elpida Memory is not strategically advantageous Once it became known that SK hynix refuse to participate in the auction, the company's shares increased by 6.1%. Recall, Elpida ranks third worldwide in terms of memory DRAM production. Share of world market DRAM, owned by the company is equal to 12%. SK hynix company is in second place, trailing only Samsung Electronics. Now the main contenders to buy Elpida Memory are US-based Micron Technology and the unit headed by a Chinese investment company Hony Capital, which also includes China's largest manufacturer of semiconductor devices Semiconductor Manufacturing International Corp (SMIC) and the investment firm TPG Capital LP. | ||
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SK HYNIX REFUSED TO PARTICIPATE IN ELPIDA BIDDING AUCTION |
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