Original URL: http://www.theregister.co.uk/2003/09/03/intel_invests_23m_more/
Intel invests $23m more in Elpida
Memory 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 (http://www.theregister.co.uk/content/archive/30999.html) 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 (http://www.theregister.co.uk/content/3/32501.html) 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) (http://www.theregister.co.uk/content/3/32394.html) 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 (http://www.theregister.co.uk/content/3/32501.html)
Kingston invests $50m in Elpida (http://www.theregister.co.uk/content/3/32394.html)
Intel offers Elpida $100m to drive DDR 2 production (http://www.theregister.co.uk/content/archive/30999.html)