Intel to invest $100 million in Elpida Memory

Elpida Memory, a manufacturer of dynamic random access memory (DRAM), and
Intel Corporation have signed an agreement for Intel to invest approximately
$100 million in the former.

Elpida Memory plans to use the proceeds from this proposed investment and
other intended financing to significantly boost production at its 300-mm,
sub-0.11 micron DRAM wafer fabrication plant in Hiroshima, Japan.

In addition to the proposed investment, Elpida and Intel have signed a
multi-year commercial agreement. As part of the agreement, the companies will
share roadmaps in order to develop new DRAM architectures.

"Elpida is committed to delivering advanced DRAM
products for performance-driven markets," says Yukio Sakamoto, President,
Elpida Memory.

"Continued investment in memory technology is
strategically important for the industry," says Gidu Shroff, VP and
Director of Materials, Intel. According to him, Intel’s investment will help
Elpida to continue to develop and produce leading-edge DRAM products.

DQCI NEWS BUREAU