Micron (MU +4.4%) jumps following a report Elpida, which Micron is set to buy, along with JV...

|About: Micron Technology Inc. (MU)|By:, SA News Editor

Micron (MU +4.4%) jumps following a report Elpida, which Micron is set to buy, along with JV Rexchip, has begun cutting DRAM output. A major Elpida plant is expected to see a 30% production cut, mostly focused on the commodity (i.e. PC) DRAM chips that were subject to intense price declines last year. The plant is, however, seeing huge orders from Apple for higher-margin mobile DRAM chips. The DRAM industry overall is expected to see a 10% drop in supply. (previous)