Elpida Halts Negotiations with ProMOS
TOKYO, December 19, 2003 - Elpida Memory, Inc (Elpida), Japan's leading global supplier of Dynamic Random Access Memory (DRAM), today announced that it has halted negotiations with ProMOS Technologies Inc. regarding a potential strategic alliance. The decision was mutually agreed by both parties.
The two companies had formed a basic agreement in May 2003 in which (1) Elpida would license 0.10 micron and finer process technology to ProMOS, (2) Elpida and ProMOS would participate in the joint development of next-generation DRAM processes, and (3) ProMOS would supply DRAM products to Elpida. A number of detailed discussions were held; however, a final agreement could not be reached.
Although plans to form a strategic alliance with ProMOS have been halted, this event will have no effect on Elpida's production capacity. Elpida will continue to provide leading-edge DRAM products and top-level service to its customers while maintaining its presence in the marketplace.
About Elpida Memory, Inc.
Elpida Memory, Inc. is a manufacturer of Dynamic Random Access Memory (DRAM) with headquarters based in Tokyo, Japan, and sales and marketing operations located in Japan, North America, Europe and Asia. Elpida offers a broad range of leading-edge DRAM products. Elpida is a joint venture company formed by NEC and Hitachi on December 20, 1999 and has been in operation since April 2000.
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Information in this news release is current as of the timing of the release, but may be revised later without notice.