Elpida Rises Most in Six Weeks on Report of Toshiba Integration
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Elpida Memory Inc., the Japanese chip maker being reorganized with government support, jumped the most in six weeks in Tokyo after DigiTimes reported the company is in talks with Toshiba Corp. to “integrate” operations.
Elpida, Japan’s biggest maker of dynamic random access memory chips, jumped as much as 9.5 percent, the biggest intraday jump since Nov. 25, to 392 yen. It changed hands at 378 yen as of the 11:30 a.m. trading break. Toshiba declined as much as 1.6 percent to 310 yen.