Hitachi, NEC to sell Elpida Memory shares

Hitachi has followed NEC by announcing it will cut its stake in DRAM chip maker Elpida Memory.

Hitachi will reduce its stake in Elpida Memory, the computer memory chip maker it helped form, before the end of the year, it said Tuesday.

The company's announcement came shortly after NEC announced it would also sell a significant chunk of its stake in the company. Hitachi will sell 4 million shares to reduce its stake to 19.7 percent while NEC will sell 9.6 million shares to reduce its stake to 13.9 percent.

Shares in Elpida Memory ended trading down 5 percent at YEN 3,150 in Tokyo on Wednesday.

Elpida was formed in 1999 from the merger of the DRAM (dynamic RAM) businesses of NEC and Hitachi in the face of strong competition from South Korean and Taiwanese memory chip makers. Mitsubishi Electric sold its DRAM business to the company in 2002.

Elpida is Japan's only sizable producer of DRAM chips but it accounts for a relatively small portion of global DRAM output, according to recent figures from IDC. In the first quarter this year, Elpida had a 6.5 percent share of the market in terms of revenue, ranking fifth among DRAM makers globally, IDC said. Leader Samsung Electronics had 31.5 percent, followed by Micron Technology, Hynix Semiconductor and Infineon Technologies, said IDC.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?