Shares of memory chip maker Micron Technology Inc. rose as investors speculated that it was poised to buy fabs from Qimonda AG, an analyst said.

Qimonda, whose parent company is Infineon Technologies AG of Germany, declined to comment, as did Micron. Infineon was not immediately available for comment.

American Technology Research analyst Doug Freedman said the deal which is expected to involve Micron buying Qimonda's stake in Inotera, a joint DRAM manufacturing venture between Qimonda and Taiwan's Nanya Technology Corp., and a Qimonda fab in Virginia could help ease price pressure in the memory chip space.

"People think there could be a deal between Micron, Qimonda and Infineon," said Freedman. "If you remove a competitor from the market place, it's viewed as positive."

By: DocMemory
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