iPhone News Desk
Apple Said to Buy Half of Elpida’s Output
Reuters said the report cost Samsung $10 billion worth of market cap on Wednesday
By: Maureen O'Gara
May. 16, 2012 03:48 PM
Hmm, apparently Samsung has pushed one too many of Apple's buttons.
According to DigiTimes Apple has bought up half of Elpida Memory's total chip production of mobile DRAM rather than give the iPad and iPhone order to Samsung, its largest supplier, accused of ripping off its technology in courts throughout the world.
Reuters said the report - citing unnamed industry sources - cost Samsung, the world's biggest DRAM factory, $10 billion worth of market cap on Wednesday. Hynix also took a hit.
Elpida certainly appreciates it ‘cause market conditions have driven it into bankruptcy protection and acquisition talks with Micron Technology.
If nothing else, Apple gets pricing leverage out of the deal and it's said a Micron-Elpida tie-up could threaten South Korean memory chip hegemony.
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