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TOKYO, JAPAN, November 15, 2004 - Elpida Memory, Inc (Elpida), Japan's leading global supplier of Dynamic Random Access Memory (DRAM), today announced that it listed an Initial Public Offering (IPO) on the first section of the Tokyo Stock Exchange (TSE).
Elpida, which began operation in December of 1999 by integrating the DRAM businesses of NEC Corporation and Hitachi, Ltd., started its own design and development business in April 2000. Elpida has since been expanding its business by maximizing its advanced technological capabilities while striving to become one of the world's top DRAM companies. The IPO is regarded by Elpida as an opportunity to reinforce global awareness of the company.
A corporate profile on Elpida is listed below.
Elpida Memory, Inc. Corporate Overview (Code No.: 6665):
| Corporate Name: |
Elpida Memory, Inc. |
| Head Office: |
2-1, Yaesu 2-chome, Chuo-ku, Tokyo |
| Development/Device Center: |
Sagamihara-shi, Kanagawa |
| Production Base: |
Hiroshima Elpida Memory, Inc.
(Higashi Hiroshima-shi, Hiroshima) |
| Sales Offices: |
Five overseas offices (U.S., Europe, and Asia) |
| Founded: |
December 1999 |
| President and CEO: |
Yukio Sakamoto |
| Description of Business: |
Development, design, manufacture, and sales of DRAM and foundry services to other companies. |
| Capital: |
83.8 billion yen (as of November 15, 2004) |
| Employees: |
2,235 (Consolidated basis, as of September 30, 2004) |
Consolidated Performance: (April 1, 2004 to September 30, 2004)
| Net Sales: |
100.2 billion yen |
| Operating Income: |
8.3 billion yen |
| Net Profit: |
6.5 billion yen |
| Sales Mix / Breakdown: |
- DRAM for workstations and servers: 18%
- DRAM for digital home appliances and mobile devices: 31%
- Foundry services and others: 10%
Subtotal of Premier Business*: 59%
- Commodity DRAM for general-purpose PCs: 41%
Total: 100%
*Premier Business: Areas in which Elpida is focusing its resources in markets other than DRAM products for general PCs. |
Representative Products:
- 1 Gigabit DDR2 SDRAM
- 512 Megabit DDR2 SDRAM
- 512 Megabit Mobile RAMTM
- 256 Megabit Mobile RAM
About Elpida Memory, Inc.
Elpida Memory, Inc. is a manufacturer of Dynamic Random Access Memory (DRAM) silicon chips with headquarters based in Tokyo, Japan, and sales and marketing operations located in Japan, North America, Europe and Asia. Elpida's state-of-the-art semiconductor wafer manufacturing facility is located in Hiroshima, Japan. Elpida offers a broad range of leading-edge DRAM products for high-end servers, mobile phones, digital television sets and digital cameras as well as personal computers. Elpida had sales of ¥100.4 billion during the fiscal year ending March 31, 2004.
Notice:
This document is a press release, and as such, it is not intended for investment promotion.
Investors are advised to carefully read the "Prospectus for Issuance of New Stock and Notification of Stock Offering" (and revisions) prepared by Elpida and to make investments based on one's own discretion.
This press release is not an offer to sell or a solicitation of any offer to buy the securities of Elpida Memory, Inc. ("the Company") in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from such registration requirement. If any public offering of securities is made in the United States, it will be by means of a prospectus that may be obtained from the Company or any selling security holder that will contain detailed information about the Company and management, as well as financial statements. No public offering of securities will be made in the United States in connection with the above-mentioned transactions.
All trademarks are the property of their respective owners.
This document was released and distributed in Japan-only on the date of the announcement due to restrictions in the United States.
Information contained in this news release is current on the date of the press announcement, but may be subject to change without prior notice.
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