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Hynix-Micron narrow price gap on DRAM operations

Posted: 06 Feb 2002 ?? ?Print Version ?Bookmark and Share

Keywords:hynix? micron? dram? infineon?

Micron Technology Inc. and Hynix Semiconductor Inc. are reportedly narrowing their differences on price for the Korean company's DRAM operations, but still remain about $1 billion apart.

Members of Hynix's restructuring committee told Korean media over the weekend that Micron's latest offer is around $3.8 billion, while the restructuring committee, buoyed by an improving DRAM market, is asking for $4.8 billion. Micron's original offer ranged somewhere between $2.5 billion to $3 billion.

During an investor event last week, Micron officials confirmed they were still talking with Hynix after negotiations were reported to have broken off last week. They offered no details on the discussions and Micron CEO Steve Appleton, expected to comment on the ongoing acquisition saga, did not make an appearance.

Hynix's creditors, which hold about $6.5 billion in Hynix debt, are still hopeful of signing a preliminary agreement in the near future and have given short shrift to overtures made by Infineon Technologies AG late last week.

In a new twist to the talks, Infineon CEO Ulrich Schumacher met with Hynix executives in Seoul on Friday (Feb. 1) to discuss possible sales and technology partnerships. A spokesman at Infineon said there was nothing new to report from the meeting.

Mike Clendenin

EE Times

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