May 7, 2012 12:30 PM IST

Micron to invest more than $3.8 billion in Elpida factories - Jiji

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Micron to invest more than $3.8 billion in Elpida factories - Jiji

U.S.-based Micron Technology will invest more than 300 billion yen (2.35 billion pounds) in Elpida Memory Inc's factories in the next five years, the Jiji news agency reported on Monday.

Micron, which won the right to negotiate exclusively to buy bankrupt Elpida, will invest in three factories in Japan and Taiwan, Jiji said.

(Writing by Shinichi Saoshiro)

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