Posted on 04/23/2002 1:16:23 AM PDT by Vigilant1
Edited on 09/03/2002 4:50:21 AM PDT by Jim Robinson. [history]
SEOUL, April 22-Micron Technology Inc signed on Monday a tentative deal worth about $3.4 billion to buy most of the assets of South Korea's Hynix Semiconductor Inc in a move that would reshape the world computer memory chip market.
If the purchase goes through, U.S.-based Micron would leapfrog South Korea's Samsung Electronics to become the world's largest memory chip maker, and Hynix, currently ranked third, would drop out of the sector.
The deal gives the two companies and Hynix's creditors until April 30 to finalise a pact and it would then be subject to regulatory and shareholder approval.
(Excerpt) Read more at washingtonpost.com ...
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