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Elpida to launch rights issue, CB for JPY79.7 billion

DigiTimes | July 12, 2011 | Josephine Lien, Jessie Shen

Japan-based DRAM maker Elpida Memory has approved plans to raise up to JPY79.67 billion (US$994 million), including a rights issue and convertible bonds (CBs). The funds raised will go towards equipment upgrades for 30nm and 25nm process manufacturing and R&D of next-generation technologies.

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