Toshiba, Hynix May Launch Joint Bid For Failed Elpida

Toshiba Corp., an electrical conglomerate, is considering a joint bid with South Korea's SK Hynix Inc., for bankrupt DRAM chip manufacturer Elpida Memory Inc., according to The Nikkei. At present, US-based Micron Technology Inc. appears to have been a favorite sponsor. In additon to them, an investment fund is also expected to participate in the round of bidding, slated to close at the end of April. Elpida is expected to pick its turnaroud sponsor as early as May.