Micron Biggest Winner as Elpida Bankruptcy Sidelines Rival: Tech


Micron Technology Inc. (MU) will probably emerge as the top winner from the bankruptcy of Elpida Memory Inc. (6665), whose filing yesterday sidelines the last Japanese maker of computer memory chips and gives rivals the chance to scoop up factories on the cheap.
Elpida filed for Japan’s biggest bankruptcy in two years after chip prices plunged and it failed to win a second government bailout. The elimination of a top maker of dynamic random access memory would give the rest of the industry more control over production, helping to ease the price swings that have left Micron unprofitable for six of the past 10 years.