With the yen falling 16 percent against the U. S. dollar in New York on Friday, Micron Technology will apparently get a $400 million discount on its purchase of Japanese rival Elpida Memory which sought bankruptcy protection in 2012 due to its inability to pay debts because of heavy losses.

Micron's $400 million saving on the Elpida acquisition will chiefly result from the fact that when the acquisition deal was announced on July 2 last year, the value of the yen was 79.51 per dollar; which fell to 94.52 per dollar by around 1:15 p. m. in New York on Friday.

The latest fall in the yen against the dollar implies that if Micron's 200 billion yen deal for the Elpida acquisition was to have been completed on Friday, the company would have had to pay $2.12 billion, instead of the $2.52 billion amount which was ascertained at the time when the deal was announced.

However, about the discount Micron would get on the Elpida acquisition, Micron's chief financial officer Ron Foster said on Thursday - during a conference analysts - that part of the discount on Elpida will be counterbalanced by currency hedges which had been made by Micron for protecting itself from a higher yen, which would have increased the cost of the deal for the company.

Foster said: "Any reduction in purchase price will not be recognized on our balance sheet until the transaction has closed using the exchange value at that time."