April 2012

There are reports that Toshiba decided not to bid in the corporate rehabilitation efforts of Elpida Memory. But Toshiba does plan to offer a joint MRAM project to whoever takes over Elpida's DRAM factory in Japan. Toshiba is already collaborating with Hynix on MRAM.

It is expected that two companies will bid (this is the second round of bidding) - Micron Technology (who are developing STT-MRAM together with A*STAR) and a joint bid by the US investment fund TPG Capital and a fund under the Lenovo Group.