Micron took possession of Rexchip Electronics

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POSTER: computer news   ||   MICRON TOOK POSSESSION OF REXCHIP ELECTRONICS	DATE:2012-07-02
By the purchase of Elpida assets, Micron process of consolidation in the segment of memory manufacturers will not be limited.  The U.S. company has expressed its intention to purchase shares of Rexchip Electronics. To Sell their shares Rexchip Electronics, Micron intends to Powerchip Technology.  Today the last announced its intentions to sell 628 million shares of Micron Rexchip Technology for about $ 295 million addition, another 63.5 million shares will be sold to Micron Rexchip unit Powerchip, which is engaged in venture capital investments.  The sum of the last trade will reach $ 29.85 million Rexchip is a joint venture between Elpida and Powerchip since 2006.  Initially the partners have equal stakes in the company, but in recent years, Powerchip has reduced its stake to 20%, citing financial difficulties.  Acquisition of Rexchip assets is part of a deal between Micron and Elpida. Related Products :

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