Intel Capital has invested another $23 million (2.7 billion yen) in to Elpida Memory Inc. in return for non-voting stock, the DRAM player announced today.

Elpida's bank account has grown by leaps and bounds as of late, with a $100 million investment from Intel in June and a $50 million investment in August from Kingston Technology Corp. to supplement its 300mm expansion. Both deals were also made in return for non-voting stock.

Elpida plans to use the $23 million to accelerate production of DRAMs, such as DDR2 SDRAM products. Additional details were not disclosed.

The parties said they expect to close the Intel investments in coordination with the closing of the additional financing that Elpida intends to raise later this year.

"Elpida has been taking steps to improve its overall position to become a top-tier DRAM supplier and increase its market segment share," said Yukio Sakamoto, Elpida's president, in a statement. "This proposed investment will help Elpida ramp production of the next-generation DDR2 SDRAM products that are starting to be used in computers and servers."

By: DocMemory
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