The weakening of yen will save Micron millions when buying Elpida
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POSTER: computer news || THE WEAKENING OF YEN WILL SAVE MICRON MILLIONS WHEN BUYING ELPIDA |
DATE:2013-03-25 |
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Due to the weakening of national Japanese currency Micron company can save considerably by purchasing Elpida. The fact that on 2 July last year, when Micron declared intention to acquire the assets of the Japanese memory manufacturer the yen against the U.S. dollar fell by 16%. Accordingly, Micron will pay for the purchase of Elpida less than the $ 2.52 billion, but only $ 2.12 billion Thus, the net savings Micron on exchange would be $ 400 million The deal has already gone through all the necessary stages of approval, it is likely to be completed in the coming weeks. | ||
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THE WEAKENING OF YEN WILL SAVE MICRON MILLIONS WHEN BUYING ELPIDA |
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The weakening of yen will save Micron millions when buying Elpida (2013-03-25)
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