Elpida Memory to Receive Additional Intel
Elpida Memory today announced it has signed an agreement with Intel Capital in which Intel Capital will invest 2.7 Billion Yen (approximately US$23 million*) in Elpida in return for non-voting stock. "Elpida plans to use the proceeds from this proposed investment to accelerate production of high-performance DRAMs, such as DDR2 SDRAM products. Additional details were not disclosed."
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