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Hynix: Sorry, No Sale
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Posted by: TotalRecall
It appears as if Hynix has contracted a quick case of cold feet and will not be selling out to Micron. We now know not to listen to merger talks while they are still talks. The news has brought down prices on DRAM stocks:
AUSTIN, Texas — DRAM spot market prices dropped by 5 percent early Tuesday (April 30), following the decision by Hynix Semiconductor Inc.'s board of directors to reject a proposed merger with Micron Technology Inc. (Boise, Idaho).
The 10-member Hynix board unanimously rejected the terms of a memorandum of understanding that would have merged debt-laden Hynix with Micron to create the world's largest memory chip supplier.
On the other hand, this is good news for computer users because the competition could set off another DRAM price race. Read more at EETimes.
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