Beverly Hills 2/11/2010 5:46:00 AM
News / Business

Samsung Stung by $1.27 Billion Micron Acquisition

Finance World News Update by EQUITIES Magazine

Micron Technology Inc.’s $1.27 billion acquisition of Numonyx Holdings BV is making waves throughout the industry. Analysts are saying the boost in the U.S. chip maker’s presence in the flash-memory chip market will threaten industry leader Samsung Electonics Co. and pressure South Korean company Hynix Semiconductors Inc., which has a strategic partnership with Numonyx in the development of flash memory, to look for another partner to remain competitive.

Samsung, the world's biggest supplier of NAND flash memory by revenue, declined to comment on how the acquisition would impact its business. A Micron spokesman couldn't be reached.

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