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DRAM slump forces Elpida to delay China fab JV

Posted: 11 Nov 2008 ?? ?Print Version ?Bookmark and Share

Keywords:DRAM market?

Elpida Memory Inc. disclosed it will delay the start of operations of a China-based DRAM manufacturing joint venture.

The Japanese DRAM maker planned the manufacturing joint venture with SVG, a Chinese venture capital group based in Suzhou City. The JV was scheduled to begin operations in Q1 10. However, given an unprecedented slump in the DRAM market and the uncertain global economy, Elpida and SVG decided to delay the start of the operations for about one year or until a market recovery is forecast.

Both companies will determine the best time to bring the China facility into operation by carefully observing DRAM market conditions.

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