Japanese chip giant Elpida bankruptcy | Finance online - Financial ...

The

the world?s third-largest chip manufacturer, Japan?s dynamic semiconductor memory (DRAM) business Elpida up has officially submitted its application for bankruptcy protection, the share price plummeted.

Yesterday,

stock market trading hours in Tokyo, Seoul will be up to a large number of sell orders have emerged, its shares fell 4 yen, a drop of up to 98 percent, marking the Tokyo Stock Exchange to cancel the largest decline since the single-day price limits.

Elpida once the Japanese government to preserve the ?quasi-national team? business representatives, can be said to have been under development in the Japanese government?s ?escort?. But with the decline in the prices of semiconductor products, as well as the financial crisis, the impact of long-term rise in the yen exchange rate, Elpida?s operating results continue to deteriorate.

Elpida total liabilities as at the 3 end of bankruptcy liabilities of 448 billion yen (about $ 5.5 billion), marking the Japanese manufacturing enterprises scale a new high.

?Japanese Economic News? comment that the Elpida bankruptcy is simply the government to intervene directly in the textbook case of private business is not valid. Akino, chief fund manager at Tokyo Ichiyoshi investment management company charge into Elpida shares of the actual value of zero. However, in stark contrast to the other two major chip manufacturers ? South Korean semiconductor company Samsung Electronics and Hynix shares continued to rise recently.

In fact, Elpida has long been Samsung Electronics and Hynix and other competitors far behind. Elpida up to the failure to make timely technological change accounted for more than 70% market share, Samsung and other Korean companies in the mobile DRAM market. Samsung Electronics recently said that the company not interested in the debt of Seoul will be up to.

Analysts expect Elpida bankruptcy would impact on the global chip industry, Samsung, Hynix and other Korean companies, or a dominant, global memory prices will push the prices up.

Once glorious moment of Seoul will be up to curtain, reminiscent of the film industry giant Kodak. Now, Elpida is also in trouble due to the tide of the digital age can not keep pace. Some market participants in Japan began to worry that Hitachi, Toshiba, Sony recently integrated LCD panel business will not repeat the same mistakes.

It is reported that Elpida will be 328 days on the Tokyo Stock Exchange delisted. News that Elpida will be ?born again plan developed within six weeks.

The field of electronics manufacturing research firm iSuppli principal analyst, said Akira Minamikawa, Toshiba may consider the acquisition of Elpida.

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Source: http://www.finance-ol.com/2012/03/japanese-chip-giant-elpida-bankruptcy/

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