Struggling Japanese chipmaker Elpida Memory will seek a capital and business tie-up with U.S. rival Micron Technology, the Yomiuri newspaper reported on Wednesday. Elpida, Japan's last remaining player in the dynamic random-access memory (DRAM) market, is battling tumbling prices and loss of market share to South Korea's better-funded giants and has been seeking ways to survive.
Micron Technology, Inc. is a manufacturer and marketer of semiconductor devices, principally dynamic random access memory (DRAM), Nandi Flash memory (NAND Flash and NOR Flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products. Shares of MU fell by 0.97% or $-0.07/share to $7.16. In the past year, the shares have traded as low as $3.97 and as high as $11.95. On average, 31487500 shares of MU exchange hands on a given day and today's volume is recorded at 30653322.
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