[Reuters] Elpida to raise $990 million for new chips

Posted by: UGN Security

[Reuters] Elpida to raise $990 million for new chips - 07/11/11 02:06 AM

TOKYO (Reuters) - Elpida Memory Inc, the world's No.3 maker of DRAM memory chips, plans to raise nearly 80 billion yen ($992 million) through new shares and convertible bonds, as it shifts production to more profitable smartphone chips.