Elpida Wants To Sell 259 Patents To Apple Inc. To Honor $51M Agreement

Elpida Wants To Sell 259 Patents To Apple Inc. To Honor $51M Agreement

WILMINGTON, Del. - Foreign representatives for bankrupt Japanese computer chip computer manufacturer Elpida Memory Inc. on Sept. 28 moved in the U.S. Bankruptcy Court for the District of Delaware for approval of a plan to sell 259 patents to Apple Inc.to honor a $51 million contract that Elpida contends is essential to continuing its business and reorganizing (In Re: Elpida Memory Inc., No. 12-10947, Chapter 15, D. Del. Bkcy.). Subscribers may view the motion available within the full article.

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