Feeds

Intel invests $23m more in Elpida

Memory maker's DDR II investment tally grows

  • alert
  • submit to reddit

Elpida will receive a further ¥2.7 billion ($23 million) cash injection from Intel, the memory maker said yesterday.

That figure expands the sum the chip giant has already sunk into Elpida to around ¥14.4 billion ($123 million) - all of it in return for non-voting stock.

Elpida will use the money to ramp up production of DDR II memory at its Hiroshima fab. It recently acquired control of that facility from parent company NEC to which it had been outsourcing 200mm and 300mm wafer fabrication.

To date, Elpida has raised ¥6 billion ($51 million) from DIMM maker and memory seller Kingston Technology, an extra $80 million from NEC and Hitachi, and almost $430 million from other, unnamed sources. To that we can add Intel's first, $100 million investment and now this second, $23 million cash injection. ®

Related Stories

NEC cedes Hiroshima fab control to Elpida
Kingston invests $50m in Elpida
Intel offers Elpida $100m to drive DDR 2 production

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.