US-based semiconductor maker Micron Technology is likely to buy ailing Japanese rival Elpida Memory for JYP200 billion (USD2.5 billion), according to a newspaper. Elpida Momory's president announcing company's filing for bankruptcy protection Micron, the world's fourth largest chipmaker, made the "most favorable offers" in the bidding on May 4, and Elpida "highly praised" them, the Yomiuri Shimbun reported, quoting unnamed sources. South Korea's SK Hynix, the world's second largest microchip maker, dropped its bid, while offers made by a group of US and Chinese investment funds appeared less attractive for Elpida, Yomiuri said. Elpida's administrators will provide Micron with the right to negotiate with Elpida as early as Monday so that the two sides can discuss details before finalising the deal, it said. Immediate confirmation of the report was not available. Elpida, one of the world's top microchip makers, was delisted from the Tokyo Stock Exchange late March in the biggest corporate failure in Japanese manufacturing history. The troubled firm, which had stayed alive thanks to a 2009 government-backed rescue plan, filed for bankruptcy protection in late February with crushing debts of JYP448 billion. Forex News Travel to Vietnam tour to vietnam Tour Ghep Mien Trung Tour Trang Mat yen sao hitech review hue tourism vietnam weight loss cute girl dac san hue how to solve rubik how to tie a tie how to be pregnant how to cv what is fashion trends visit vietnam
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