Thursday, June 5, 2003
Elpida Memory Inc. indicated that it has landed $425 million more in funding to expand its 300mm-wafer fab in Hiroshima, Japan. The total funding now stands at $687 million, according to a news report.
The total includes a $100 million investment from Intel Corp. and $80 million each from Elpida's two parent companies in the DRAM joint venture, Hitachi Ltd. and NEC Corp.
Elpida said the total of $687 million will be enough to set up additional production 300mm fab to raise production from 3,000 wafers a month to 15,000 a month by the end of March 2004 to cut average unit cost in order to compete.
Elpida said its goal is to boost its global DRAM market share to 15% by 2006. That would be a big jump from the 5.1% share it held in 2002, as reported by Semico Research Corp., Phoenix.
By: DocMemory
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