Friday, October 10, 2003
Elpida Memory Inc. said it has raised $160 billion yen (US$1.5 Billion) in capital thus far, which is above its earlier projections.
That amount could grow to 180 billion yen from more than 30 investors by the end of this month, said Yukio Sakamoto, CEO of the DRAM joint venture between NEC Corp. and Hitachi Ltd., according to the report.
Elpida plan to use the funding to expand its capacity and ramp up its 300-mm fab. The Japanese company has received funding from Intel, Kingston and other investors
By: Docmemory
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