Japan's Elpida Memory announced on November 25 that its board of directors has approved plans to submit an application for the listing of Taiwan depositary receipts (TDR).
Elpida plans to issue up to 200 million units of TDR to raise a total of 10.097 billion yen (US$121.7 million). The new capital will be used for the R&D of its next-generation node technologies for DRAM products, the company said in a statement.