bankrupt innovation

Micron Technology (MU) in talks to buy Elpida

Micron Technology (MU), is looking to buy Elpida Memory in a sale, its being widely reported. Elpida filed for bankruptcy last February. The approval from a Tokyo District Court was delivered today, allowing Micron (who recently lost its CEO in a plane crash) to negotiate to acquire Elpida. TPG Capital, a private equity firm, also […]

Spansion, Bankruptcy, Innovation

On the heels of the worldwide financial recession,  (perhaps youve heard of it), chip-maker Spansion, a maker of flash-memory chips, has filed for bankruptcy: Spansion shares have lost more than 98 percent of their value over the last year as the tech sector’s problems deepened, closing on Friday at just 5 cents. [nytimes] …joining the […]