U.S.-based Micron Technology Inc. is the likely winner in the bidding for Elpida Memory Inc., the Japanese chip maker under bankruptcy protection.
Elpida Memory, the world’s third-largest maker of dynamic random-access memory (DRAM) chips used to store data in personal computers and other devices, has been seeking a redeemer.
Elpida is the Japanese sole remaining maker of DRAMs.
In the final round of bidding that closed May 4, Micron Technology, the world’s fourth largest chip maker placed what is likely the winning bid, sources said.
Trustees, including Yukio Sakamoto, Elpida president, are set to decide on the redeemer as early as mid-May.
TPG Capital LP of the United States and China’s Hony Capital—a member of China’s Lenovo Group—also apparently placed a joint bid for Elpida in the final bidding round.
Sakamoto had been negotiating a tie-up with Micron Technology before it filed for bankruptcy protection in February.
In the final round, Elpida trustees intend to choose the bidder that will rebuild the company as a whole--from design and development departments and two domestic plants--without reselling each division separately.
Micron Technology offered a plan that is deemed most likely to meet Elpida’s intensions.
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