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Elpida Statement Regarding News Reports of a New Fab Location

Tokyo, Japan, July 20, 2006 - Elpida Memory, Inc. (Elpida) today issued the following statement in response to reports in the media today that it is planning a new semiconductor fabrication plant in Taiwan.

Elpida would like to clarify that the news reports, which indicated that Taiwan was a leading possible site for the company's next fab, are not based on the company's own announcement. In connection with our planning process in the ordinary course of business as a semiconductor company, we are considering the eventual necessity for another fab, which would be in addition to our existing fab in Hiroshima, Japan. These considerations include consideration of possible locations, but we have no concrete plans for the construction of another fab, its location or its timing.

Information in this news release is current as of the timing of the release, but may be revised later without notice.


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