Elpida Files For Bankruptcy Protection

DRAM maker Elpida has filed for bankruptcy protection owning almost $5.6 billion to creditors.

The filing suggested that a possible rescue by domestic lenders and would-be overseas equity partners had stalled, the Nikkei newspaper said. Japan's sole maker of dynamic random-access memory (DRAM) chips has been hobbled by weak prices after a surge in demand for Apple Inc's iPad, which is much less reliant on DRAM chips than conventional PCs.

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