Feeds

Toshiba decides not to pick over Elpida's corpse

Firm fails to get a partner to bid for bankrupt firm

Security for virtualized datacentres

Toshiba is reportedly no longer in the running to pick over the bones of bankrupt chipmaker Elpida Memory after it couldn't put together a joint bid with other firms.

Sources close to the talks let Reuters know that Toshiba wouldn't be taking part in the second round of bidding on Friday this week after talks stalled with potential partners including South Korea's SK Hynix.

Elpida was once the world's No 3 maker of DRAM chips, but the shift in profitability from DRAM to NAND chips hit the Japanese firm hard and it filed for bankruptcy protection in February.

Although the memory company is no longer profitable, there are still juicy bits of chipmaking expertise and assets for potential suitors to sink their teeth into.

However, the market had not responded well to Toshiba's courtship, as it's now exclusively focused on NAND chips after selling its last DRAM facilities to Micron 10 years ago.

Since whispers started that Toshiba would bid on Elpida, its shares slid by 12 per cent. The stocks recovered 3 per cent in Tokyo today on the rumours that it was withdrawing from the race.

With Toshiba out of the running, SK Hynix may go it alone in a bid for Elpida's corpse, which US firm Micron Technology is also said to be looking into.

Toshiba had not responded to a request for comment at the time of publication. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.