NAND flash vendors readying for 3D chips – Micron Technology, Inc. (NASDAQ:MU)


Dallas, Texas 08/28/2013 (Financialstrend) – Samsung Electronics, Toshiba as well as Micron Technology have recently revealed their 3D NAND flash memory progressions. The vendors’ 3D NAND chips are likely to be in early-phase production in 2014-2015, accompanied by the commercial production phase in later years, market sources think.

Samsung is presently ahead of competitors Toshiba and Micron in the progress of 3D NAND flash memory.

Micron Technology, Inc. (NASDAQ:MU) proposes to decrease its staff in the worldwide operations

It was declared that Micron Technology Inc. (NASDAQ:MU) is making proposals to reduce approximately 5 per cent of its staff in the international operations after the proposals to make a big business purchase. But, the firm functionaries had pointed out that this declaration on the diminution of labor force by 1500 employees had only been a part of the proposals to optimize the workforce usage and thereby does not have any straight connection with the takeover of the Elpida, a Japanese company.

It had been stated by the spokesperson of Micron Technology Inc. that the job reduction would be accomplished through the financial year 2014 and would turn out in the form of employee attrition, diminution and severance. The job cuttings had previously been declared within the firm on August 07, 2013. It is thought that the recently declared purchase of the Japanese company Elpida, which got sealed on July 31 this year by Micron Technology, would turn out the firm to be promoted as the 2nd biggest DRAM manufacturer in the worldwide markets.

Micron to close Elpida purchase

Boise’s Micron Technology Inc. anticipates completing its acquirement of the insolvent Japanese memory chip firm Elpida Memory Inc. by Wednesday.

The culmination of the deal is subject to the authorization of Tokyo District Court.

After the purchase, the company may rival South Korea-based chip manufacturer SK Hynix Inc., the number 2 DRAM manufacturer with around 25% of the market.