Japan's Largest memory corporation Elpida declared bankrupt

With the advancement of new technology of digital products,usb memory product and usb pen drives enjoy the market by light weight and multifunctional usb flash drives .Meanwhile,we are living in a high-speed society full of chanllenges,and the market is competitive for small companies and even big corporations.

Recently,Japan's largest dynamic semiconductor memory (DRAM) manufacturers Elpida (Elpida), announced 27 filed for bankruptcy in Tokyo District Court. usb pen drives supplier.As of the end of March last year, Elpida up the company's liabilities amounted to 448 billion yen (about $ 5.5 billion), setting a new high scale of Japanese usb flash drives manufacturing enterprises bankruptcy liabilities.

Elpida's DRAM production of usb flash drives in the top three in the world. 27, the company said in a statement, the board of usb flash disk decided to apply to the Tokyo District Court for the day to enter bankruptcy reorganization proceedings, and has been the Court accepted.
 

The statement usb flash drives export and wholesaler said that since the beginning of 2007, global production overcapacity lead to a sharp decline in DRAM prices, followed by the deteriorating world economic situation and make the product much reduced demand, the rapid deterioration of the performance of the company, apply for public financial assistance to the Japanese government in 2009. However, since 2010, by the appreciation of the yen, fierce price competition in the DRAM industry, the slowdown in demand, and Thailand last year floods affect the operating environment continued to deteriorate.

Elpida said that down,usb flash disk manufacturers then continue to operate independently, corporate capital chain will sooner or later break, the enterprise value will cause significant damage, so had to choose to enter the bankruptcy reorganization proceedings in order to rebuild the company's financial and business.

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