Elpida in talks to merge with Micron, Nanya: report

Reuters News
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Posted: Jan 23, 2012 6:38 PM

TOKYO (Reuters) - Japan's Elpida Memory <6665.T> is in the final stage of talks to merge with U.S. firm Micron Technology <MU.O> and Taiwan's Nanya Technology <2408.TW>, the Yomiuri newspaper reported on Tuesday.

Elpida, Japan's last remaining player in the dynamic random-access memory (DRAM) market, is battling tumbling prices and loss of market share to South Korea's better-funded giants and has been seeking ways to survive.

(Reporting By Nobuhiro Kubo)