Micron Technology acquires leading manufacturer of DRAM integrated circuits Elpida for 200 billion Yen (US$2.5 billion) and 24% stake in Rexchip for US$335 million
Clients Micron Technology, Inc.
Jones Day acted as Taiwan counsel to Micron Technology, Inc., one of the world's leading semiconductor companies, in its acquisition of Elpida Memory, Inc., a leading manufacturer of DRAM integrated circuits, for 200 billion Yen (US$2.5 billion) and in its US$335 million acquisition of an approximately 24 percent stake of Rexchip Electronics Corp. from Powerchip Technology Corporation.
This transaction was awarded "Best M&A Deals of the Year" in the Taiwan and Greater China Region at the annual Taiwan M&A 2013 awards ceremony at the Taiwan Academy of Banking and Finance. Organized by the Taiwan Mergers and Acquisitions and Private Equity Council, the annual awards ceremony represents the highest recognition for M&A players involving Taiwan.