Elpida Memory Files for Bankruptcy After Chip Prices Plun
This article is for subscribers only.
Elpida Memory Inc., the last Japanese maker of computer-memory chips, filed for the nation’s biggest bankruptcy in two years after semiconductor prices plunged and it failed to win a second government bailout.
Elpida, unprofitable in each of the past five quarters, had liabilities of 448 billion yen ($5.5 billion), according to a filing with Japan’s finance ministry today. The maker of dynamic random access memory, or DRAM, chips will be delisted from the Tokyo Stock Exchange on March 28.