Online information source for semiconductor professionals

Elpida acquires Rexchip as subsidiary

28 November 2008 | By Síle Mc Mahon | News > Fab Management

Popular articles

New Product: Applied Materials new EUV reticle etch system provides nanometer-level accuracy - 19 September 2011

Oberai discusses Magma’s move into solar PV yield management space - 29 August 2008

‚??Velocity‚?? the new buzzword in Intel‚??s PQS annual awards - 12 April 2012

Applied Materials adds Jim Rogers to Board of Directors - 29 April 2008

New Product: ASML Brion‚??s Tachyon MB-SRAF enables OPC-like compute times - 19 September 2011

ElpidaElpida Memory, Inc. has finalized its acquisition of Rexchip Electronics Corp. as its subsidiary via the purchase of a portion of its strategic partner’s shares. Elpida set up the Rexchip joint venture with its partner Powerchip Semiconductor Corp. in November 2006, and this recent move will see the acquisition of Rexchip as a subsidiary of Elpida as it increases its share portion from 48.8% to 52%. The move is claimed to be a result of the “prolonged slump” in DRAM market prices, and the resulting strategic move on the part of Elpida is geared to serve to better its supply-demand balance.

Elpida will purchase 94,251 shares of PSC’s shares in the Rexchip company by the end of March 2009, bringing its total shares to 1,521,052.

Related articles

Elpida consolidates Rexchip Electronics - 16 March 2009

Elpida to ramp 30nm DRAM in May - 28 April 2011

Elpida Memory increases capital spending - 07 August 2008

Production revisions result in profitable quarter for Rexchip - 09 October 2009

Elpida sales fell 19% in FY2008: US$1.9 billion loss - 27 April 2009

Reader comments

No comments yet!

Post your comment

Please enter the word you see in the image below: