SAN SAN FRANCISCO, May 4, SK Hynix, the world's second largest chip maker has abandoned the bid for Elpida, the Japanese companies that enter bankruptcy reorganization to find buyers even more remote.
SK Hynix is the only one publicly stated its intention to acquire Elpida's corporate. But South Korean company today held a board of directors Air Max Alpha 2011 Online, and in the subsequent regulatory filing that it had decided to no longer involved in the second round of bidding.
Elpida is a DRAM chip manufacturers, mobile devices such as Apple iPad selling, resulting in reduced demand for such chips, making Elpida trouble. Therefore Coach Audrey Bags Sale, SK Hynix to give up the bid will lead to further increase the difficulty of recovery Elpida. DRAM chip prices plummeted, forcing Elpida to 448 billion yen (about $ 5.6 billion) in debt, filed for bankruptcy in February of this year. The company had five consecutive quarters of losses.
Shinhan Investment analyst Kim Young Chan said: closed down or suspended within a year. Elpida chip supply for the Apple iPhone.
informed sources said on April 6, the private equity firm TPG also plans to bid for Elpida. TPG spokesman declined to comment, Elpida can not comment.
Japanese court March 23 approved Seoul will be up to President Sakamoto Yukio as trustee of the company's lead commence reorganization. The company plans to submit rehabilitation plans on August 21.
Elpida reached established in 1999 by NEC and Hitachi's storage chip business from the merger. The bankruptcy of the company's help to restore the performance of other chip makers.
Merrill Lynch said in a report in the March 30, Elpida creditors asking price of at least $ 30 billion to 40 billion, but the bidders highest bid is not more than 2 billion dollars. In addition, the buyer must within the next 12-18 months to spend $ 3 billion to help Elpida to restore its competitiveness, leading to the transaction risk. (Pot)
share:> Related: news that Lenovo Group will promote the Hony Capital bid for Elpida Total up embarrassing exit: The bidder is only important to contact Toshiba and Apple's business to exit bid for Seoul will be up to Micron Hynix to continue bidding Sina science and technology official microblogging microblogging Recommend |
SK Hynix is the only one publicly stated its intention to acquire Elpida's corporate. But South Korean company today held a board of directors Air Max Alpha 2011 Online, and in the subsequent regulatory filing that it had decided to no longer involved in the second round of bidding.
Elpida is a DRAM chip manufacturers, mobile devices such as Apple iPad selling, resulting in reduced demand for such chips, making Elpida trouble. Therefore Coach Audrey Bags Sale, SK Hynix to give up the bid will lead to further increase the difficulty of recovery Elpida. DRAM chip prices plummeted, forcing Elpida to 448 billion yen (about $ 5.6 billion) in debt, filed for bankruptcy in February of this year. The company had five consecutive quarters of losses.
Shinhan Investment analyst Kim Young Chan said: closed down or suspended within a year. Elpida chip supply for the Apple iPhone.
informed sources said on April 6, the private equity firm TPG also plans to bid for Elpida. TPG spokesman declined to comment, Elpida can not comment.
Japanese court March 23 approved Seoul will be up to President Sakamoto Yukio as trustee of the company's lead commence reorganization. The company plans to submit rehabilitation plans on August 21.
Elpida reached established in 1999 by NEC and Hitachi's storage chip business from the merger. The bankruptcy of the company's help to restore the performance of other chip makers.
Merrill Lynch said in a report in the March 30, Elpida creditors asking price of at least $ 30 billion to 40 billion, but the bidders highest bid is not more than 2 billion dollars. In addition, the buyer must within the next 12-18 months to spend $ 3 billion to help Elpida to restore its competitiveness, leading to the transaction risk. (Pot)
share:> Related: news that Lenovo Group will promote the Hony Capital bid for Elpida Total up embarrassing exit: The bidder is only important to contact Toshiba and Apple's business to exit bid for Seoul will be up to Micron Hynix to continue bidding Sina science and technology official microblogging microblogging Recommend |
No comments:
Post a Comment