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Korea M&A Corporation
Elpida to buy Qimonda's graphics division 본문
Elpida Memory Inc. of Japan will take over Qimonda AG's graphics business, the German-based memory chip maker's bankruptcy administrator said Thursday.
Administrator Michael Jaffe gave no details of the value of the transaction, which will see Elpida take over Munich-based Qimonda's Graphics Double Data Rate technology.
The deal "maintains development capacities and highly qualified jobs at the high-tech location in Munich," Jaffe said in a statement.
Tokyo-based Elpida chip maker is a joint venture between Japanese electronics companies NEC Corp. and Hitachi Ltd.
Qimonda filed for bankruptcy protection in January. It said that a massive drop in prices of the dynamic random access memory chips it produces and decreased access to financing on capital markets had worsened its position.