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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (53419)	12/29/2001 8:17:41 PM
From: ild	Read Replies (1) \| Respond to of 53903

Hynix to Sell Entire DRAM Business to Micron Hynix Semiconductor has been working on measures to sell off its entire core DRAM chip operations to Micron Technology of the United States. Hynix's planned jettisoning of its DRAM operations is certain to cause ripples across the global chip industry, industry observers said. One high-ranking official of the Korean chipmaker's creditor organization said Friday that the ongoing negotiations indicate Hynix will sell off its entire DRAM sector to Micron, suggesting that Hynix is set to withdraw from general-purpose DRAM chip production. Observers said that, once complete, the Hynix-Micron deal is certain to expedite the restructuring of the global chip industry, and Micron will loom large as the strongest competitor to the market-leader Samsung Electronics. With the sale of its DRAM operation, Hynix is expected to hold on to non-DRAM and non-memory operations, such as SRAM and flash memory chips. The official of the creditor organization also said that Micron is expected to pay for the acquisition through its stocks and by making investments into Hynix's non-memory operations. A high-ranking Hynix executive said early this week that his company and the US firm will likely conclude the negotiations by inking a preliminary agreement some time in January next year. messages.yahoo.com