Elpida to map out rehab by March

Kyodo

Elpida Memory Inc. President Yukio Sakamoto said the struggling semiconductor maker will work out rehabilitation plans by the end of March through consultations with its main creditor banks and the Ministry of Economy, Trade and Industry.

“Our main banks recommend we consider tieups” with foreign chip-makers, Sakamoto told reporters Thursday.

Elpida is negotiating with leading U.S. chip-maker Micron Technology Inc. to form a capital and business alliance, while it is also seeking a three-way alliance with Nanya Technology Corp., Micron Technology’s Taiwanese partner, according to industry sources.

Elpida is seeing its business deteriorate due to declines in DRAM prices.