Micron Technology said Monday that its board had authorized as much as $1 billion in share buybacks, its first such repurchases in three years.
Wall Street Journal
Toshiba and SK Hynix will begin joint production of next-generation memory chips as early as fiscal 2016, bringing them to market ahead of US firm Micron Technology, The Nikkei learned Wednesday.
Nikkei Electronics Asia
Rambus and Micron Technology have signed a broad patent cross-license agreement, giving Micron the right to use any Rambus patent for the manufacture of specified integrated circuit products, including memories.
David Einhorn's hedge fund Greenlight Capital reported a stake of about 23.02 million shares in US memory chipmaker Micron Technology, according to a filing on Monday.
Intel will take over a plant in Israel's Kiryat Gat city after it was shut down by the US microchip manufacturer Micron in a bid to save 800 jobs, it was announced Sunday.
New York Daily News
SK Hynix is considering signing a cross-licensing deal on memory chip patents with Micron Technology.
The Korea Times
Micron Semiconductor Asia is laying off some 150 staff in Singapore. That is about 2% of its 7,500-strong workforce here.
Channel News Asia
The cuts will not come from among the employees acquired along with Elpida, Micron said.
Wall Street Journal
Micron Technology anticipates the closing of its acquisition of 100% of Elpida's equity to occur on July 31, 2013, Tokyo time. Micron also anticipates concurrently closing its acquisition of a 24% share of Rexchip Electronics from Powerchip Technology and certain of its affiliates.
Increased spending in NAND and flash by Micron, LEDs by Philips and Osram, and continued investments by Globalfoundries will create new opportunities for equipment and materials suppliers in Southeast Asia.
Micron Technology is poised to get a US$400 million discount on the acquisition of Japanese rival Elpida Memory, after a 16% slump in the yen against the US dollar.
Micron Technology has posted a quarterly loss, hurt by acquisition-related expenses, but the chipmaker's revenue and margins improved.
Marketwatch.com (Dow Jones)
The M500 SSD utilizes Micron's 20nm multilevel cell (MLC) NAND flash to achieve terabyte-class capacity and enable a new level of SSD price competitiveness; the 960GB Crucial M500 SSD will be initially priced under US$600.
There is a growing demand for solid-state drives (SSDs) despite declining numbers in the PC sector. The company said it has seen a 20-percent rise in SSD orders during 1QF13 alone.
Tom's Hardware Guide
Micron Technology has reported a wider fiscal first-quarter loss as a slump in demand for personal computers led to a supply glut, weighing down prices.
Micron Technology said it will lay off at least 30 workers as it retreats on plans to develop energy-efficient lighting technology, a move that marks the latest blow to alternative energy initiatives in Idaho.
San Francisco Chronicle
The US International Trade Commission said Tuesday it won't challenge an administrative law judge's decision that Nanya Technology could end its memory patent probe into bankrupt Elpida Memory after licensee Micron Technology offered to acquire Elpida for US$2.5 billion.
Memory chipmaker Micron Technology is preparing to lay off about one third of its workforce at its wafer fab in Israel, according to local news reports.
Micron Technology and AgigA Tech, a subsidiary of Cypress Semiconductor, have signed an agreement to collaborate to develop and offer nonvolatile DIMM (NVDIMM) products.
Elpida's main bankruptcy proceeding is being handled by a district court in Tokyo, but Christopher Sontchi, the Delaware Bankruptcy Court judge overseeing Elpida's parallel US case, said the company was taking a risk by not keeping creditors better informed.
Rayfield worked for the past seven years as the vice president and general manager of Nvidia's Mobile Business Unit where his team created advanced computer on a chip technology and won key mobile industry reference designs.
Elpida Memory said it opposes moves by a group of bondholders to block its sale to Micron Technology because it would interfere with an "entirely fair" reorganization.
About 20 bondholders of Elpida Memory are negotiating with alternative sponsors to replace a takeover offer by Micron Technology they consider too low, a representative said.
Yukio Sakamoto has decided to step down as president of Elpida Memory to take responsibility for the company's fall once its takeover by Micron Technology is complete, The Nikkei reported Wednesday morning.
Elpida Memory, the bankrupt Japanese chipmaker being bought by Micron Technology, will get JPY280 billion (US$3.5 billion) in support from the US company, the Asahi newspaper said.
On Tuesday, the group - Linden Advisors, LIM Advisors, Owl Creek Asset Management and Taconic Capital Advisors - reiterated its opposition to Micron Technology?�s US$2.5 billion offer for Elpida.
New York Times
Micron Technology CEO Mark Durcan said he expects the market for chips that store files in mobile devices to improve in the first half of 2013 as manufacturers rein in supply increases.
Elpida Memory bondholders plan to tell a Tokyo court today that Micron Technology's takeover offer for the bankrupt Japanese memory-chip maker is too low, according to a person familiar with the matter.
Bloomberg (via Businessweek)
A group of Elpida Memory bondholders will vote against Micron Technology's plan to acquire the bankrupt Japanese chipmaker for about US$750 million, arguing that it undervalues the company's assets, a court filing shows.
Micron Technology will purchase failed DRAM manufacturer Elpida Memory Inc., The Nikkei reported early Friday. The acquisition price is estimated at 200 billion yen.
Micron Technology has acquired Intel's 18% interest in IM Flash Singapore and the assets of IM Flash Technologies located at Micron's Virginia wafer fab. At the same time the scope of the JV between Intel and Micron has been expanded to include certain emerging memory technologies and Intel has prepaid US$300 million against future purchases of NAND flash memory.
Micron Technology has introduced a new class of 1GHz, 2-gigabit (Gb) and 4Gb, 30-nanometer (nm) DDR3 devices, strengthening the company's comprehensive DDR3 portfolio.
Micron may ask creditors of the financially troubled Elpida Memory to forgive more than US$3.8 billion in debt.
A group of Elpida Memory bondholders opposes Micron Technology's offer to buy the bankrupt Japanese chipmaker as too low and has begun talks with SK hynix and Globalfoundries on an alternative plan, a source with direct knowledge of the matter said.
With a solid cash position, we believe that Micron will be able to win the bid for Elpida and position itself to capitalize the consolidation in the DRAM market.
Micron Technology has announced development of its first fully functional DDR4 DRAM module. The company has begun sampling and has received feedback from major customers to support quick implementation for applications in 2013.
Micron has offered a total of JPY220 billion in financial assistance and would also allow Elpida to retain its two main plants in Hiroshima and Akita prefectures, according to sources.
The Japan Times
Marketwatch.com (Dow Jones)