Hynix retracts Elpida bid

By , source: Reuters

In February it was revealed that memory manufacturer Elpida Memory was having financial issues. Only two weeks after, Elpida filed for bankruptcy, sparking acquisition interest from parties such as Toshiba, Globalfoundries, Micron and Hynix.

Hynix has now retracted its take-over bid, the likely result of its own financial situation. Toshiba had already pulled its bid earlier. With both Toshiba and Hynix out of the picture, Micron seems next in line to acquire the chip manufacturer with a bid of $1.4 billion. We'll keep you posted on the matter.

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