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Micron Technology Says It’s in Talks to Acquire Elpida

Micron Technology Inc. said it’s in talks to buy Elpida Memory Inc., the Japanese chipmaker that filed for bankruptcy in February, adding capacity to make chips used in personal computers and smartphones.

Micron got the approval from the Tokyo District Court today to negotiate to acquire Elpida’s entire business, the Boise, Idaho-based company said in a statement today. Elpida picked Micron after holding a bidding, the Tokyo-based company said in a separate statement.