Close

Elpida Memory to Receive Additional Intel

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Elpida Memory to Receive Additional Intel

Elpida Memory today announced it has signed an agreement with Intel Capital in which Intel Capital will invest 2.7 Billion Yen (approximately US$23 million*) in Elpida in return for non-voting stock. “Elpida plans to use the proceeds from this proposed investment to accelerate production of high-performance DRAMs, such as DDR2 SDRAM products. Additional details were not disclosed.”

Read the entire press release.

Author