Japanese memory maker Elpida files for bankruptcy (Digital Trends)

[unable to retrieve full-text content]Digital Trends - Japanese memory maker Elpida has filed for bankruptcy protection, citing debts of some ¥448 billion (about $5.55 billion), making it the biggest bankruptcy filing in Japanese history. Elpida is Japan???s last remaining manufacturer of DRAM, the memory that fuels everything from servers to desktop and notebook computers to smartphones and mobile devices. However, the company has struggled as the price of DRAM has steadily dropped to due competition from the likes of South Korea???s Samsung and Hynix, and the strong Japanese yen has both kept Elpida???s prices high and increased the cost of Elpida???s operations across the board. Although Elpida is still making RAM for the time being, the filing raises concerns that Japan may soon find itself out of the DRAM business it once dominated.

Source: http://us.rd.yahoo.com/dailynews/rss/enterprise/*http%3A//news.yahoo.com/s/digitaltrends/20120227/tc_digitaltrends/japanesememorymakerelpidafilesforbankruptcy

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