Notice Concerning New Elpida Subsidiary in Switzerland

Elpida Memory, Inc. (TOKYO:6665) today announces that its wholly owned subsidiary in Holland, Elpida Memory International B.V., plans to strengthen its competitive standing in the European market by establishing a new subsidiary operation in Switzerland (Geneva). The details of the new Swiss subsidiary appear below. 1. Goal Due to the increasing high performance and functionality of digital appliances, total memory solutions are becoming more and more important. Therefore Elpida has decided to establish a new sales subsidiary operation in Geneva, Switzerland to enhance our geographic presence in Europe and to work more closely with customers and form business alliances with chipset makers and flash memory makers operating in the European region. Also, the new company will house a "System Technology Lab" that will promote design activities using Elpida's advanced system design and analysis technology to help customers all across Europe. 2. New company information Corporate name: Elpida Memory (Europe) Sárl. Official representative:   Mr. Akihiko Furusawa (President of Elpida Memory (Europe) GmbH.) Location: Geneva, Switzerland Tentative starting date: By end of February 2008 Business description: Semiconductor sales, technical assistance and after service Capitalization: 20,000 Swiss francs (about JPY2 million) Main shareholder: Elpida Memory International B.V. (100%) 3. Outlook The new Swiss company will be a consolidated subsidiary of Elpida. The new company is likely to only slightly affect Elpida's business results in the current fiscal year. About Elpida Memory, Inc. Elpida Memory, Inc. (TOKYO:6665) is a leading global manufacturer of Dynamic Random Access Memory (DRAM) silicon chips. Our design, manufacturing, and sales operations are backed by our world-class technology expertise. Our manufacturing facilities, Hiroshima Elpida Memory, Inc. (wafer processing) and Akita Elpida Memory, Inc. (packaging and testing), utilize the most advanced manufacturing technologies available in the industry. Elpida's portfolio of advanced products features such characteristics as high-density, high-speed, low power and small packing profiles. The company provides applications across a wide range of areas, including high-end servers, mobile phones and digital consumer electronics. For more information about Elpida, please visit http://www.elpida.com. Information in this news release is current as of the timing of the release, but may be revised later without notice.