DRAM, short for dynamic random-access memory, loses most of the data it stores when power is shut off.

Buying Elpida doubles Micron's share in the market for DRAM, or dynamic random-access memory, chips, widely used in personal computers.

Samsung does expect the market for so-called DRAM, or dynamic random-access memory, to gradually pick up as inventory clears and new customers emerge.

High costs and fierce competition with Asian competitors forced Elpida Memory, Japan's last player in dynamic random-access memory chips, into bankruptcy protection in February.

The Company's products are designed for the use in fabricating foundry, logic and memory chips, including dynamic random-access memory (DRAM) and 3D NAND-flash memory chips.