Elpida to absorb NEC facility

August 26, 2003 – Elpida Memory, Tokyo, Japan, a JV between NEC and Hitachi, plans to take over NEC’s production facility in Hiroshima to bolster its position in the DRAM market.

Hiroshima Elpida Memory Inc. will lease equipment and receive nearly 1400 employees from NEC, and is expected to report fiscal 2004 revenues of $1.10 billion.

The deal, to be completed on September 1, will enable Elpida to own production lines for both 200mm and 300mm wafers.


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