Elpida Pledges Patents To Back $51M Apple Supply Deal

Law360, Wilmington (September 27, 2012, 6:31 PM EDT) -- Elpida Memory Inc. asked a Delaware bankruptcy judge on Wednesday for permission to pledge 259 U.S. patents as collateral for a $51 million memory chip supply pact with Apple Inc.

The Tokyo-based company's motion said Apple was one of its largest customers and that the security pledge was necessary to maintain its long-term supply arrangement with the smartphone and computer powerhouse, which requested collateral to protect against disruptions in its production schedule that might arise if Elpida failed to deliver a steady supply of dynamic random...
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