Intel invests $23m more in Elpida
PrintMemory maker's DDR II investment tally grows
Posted in Channel, 3rd September 2003 09:07 GMT
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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. ®
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