Micron Technology has completed the acquisition of Japan-based Elpida, instantly making it one of the largest suppliers of mobile memory chips for devices like the iPad, iPhone, and Nexus 7.
Micron and Elpida trustees have announced the closing of the U.S. company's acquisition of 100 percent of Elpida's equity, the two companies announced Wednesday. The deal, estimated at $2 billion, had been in the works since July 2012.
"Using its advanced technologies, Elpida has built a strong presence in Mobile DRAM, targeting mobile phones and tablets," Micron said in a statement.
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