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TAIPEI, island – Elpida Memory Inc. said Thursday it has upraised 4.2 1000000000 New island dollars ($145 million) in a alternative organisation on the island Stock Exchange as the Asian module chip concern seeks alliances amid fierce competition.

The money module be utilised in Elpida's utilization and production of cutting-edge 20- and 30-nanometer chips, said consort chair and CEO Yukio Sakamoto at a Taipeh news word ahead of the Friday listing.

Elpida's organisation in the modify of island Depositary Receipts comes amid fireman ties with Asiatic firms who are also facing thickened rivalry from South Korea's Samsung Electronics and Hynix Semiconductor.

The market for DRAM, or dynamic haphazard admittance memory, is expected to recover from a daylong slump in the April-June quarter, with demand for mobile chips expected to surge with the growing income of tablet PCs and smartphones, Sakamoto said.

Rexchip Electronics, a Asiatic concern in which Elpida has a majority stake, module add mobile chips to its production lines in the ordinal half this year, he said.

He said Elpida's production module also acquire from its alinement with Taiwan's Powerchip Technology, which has suspended its own marketing efforts to become a subcontractor for the Asian maker.

Elpida is hunt additional cooperation with other Asiatic DRAM makers, Sakamoto said, but refused to give details.

Amid a overmuch of DRAM supply mass the 2008 orbicular business crisis, the Asiatic polity sought to consolidate its six DRAM makers into a new consort working with either Elpida or U.S.-based Micron Technology. But the send fell apart.

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