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Micron takes an 89 per cent stake in Rexchip

MEMORY MAKER Micron will buy 24 per cent of Powerchip's stake in Rexchip, giving it 89 per cent ownership of the firm. Micron formally announced that it has entered into an agreement to become Elpida's 'sponsor' after shelling out $2.5bn to buy the company. As part of Micron's purchase of Elpida, it will receive a...

Micron takes an 89 per cent stake in Rexchip
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