Mitsubishi Electric Corp. has launched talks to sell its dynamic random access memory chip operations to NEC Corp. and Hitachi Ltd., Mitsubishi officials said Wednesday.
The deal would consolidate all of Japan's DRAM businesses into one firm. The three parties hope to conclude the deal within the year.
Mitsubishi Electric's DRAM business will probably be shifted to Elpida Memory Inc., a 50-50 joint venture set up by Hitachi and NEC in December 1999, the officials said.