Breaking News

LIAN LI Redefines Compact ATX Tower with the O11D MINI V2 TEAMGROUP Unveils DDR5 256GB (4×64GB) Ultra-Capacity Memory Kits Spire launches UD50C White PC chassis G.SKILL Announces T5 Neo Series DDR5-6400 CL38 512GB (64GBx8) Overclocked R-DIMM Memory Kit with AMD EXPO Support for AMD Ryzen Threadripper PRO Workstations ZOTAC to Launch GeForce RTX 5090 ARCTICSTORM AIO & GeForce RTX 5060 Low Profile

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Nanya Completes Acquisition of Micron Shares

Nanya Completes Acquisition of Micron Shares

Enterprise & IT Dec 6,2016 0

Nanya Technology has announced the completion of its investment in Micron through private placement, and Micron's takeover of Inotera Memories was announced on December 6.

Nanya has acquired 57,780,138 Micron shares for a total of NT$31.46 billion (US$981.16 million), which gives the Taiwan-based firm a 5.26% stake in the US company. Nanya has also obtained its option rights to use Micron's 1x and 1y DRAM technologies.

Nanya indicated it will also transfer all of its holdings in Inotera to Micron's Taiwan unit - Micron Semiconductor Taiwan (MST) - for NT$30 per share, or a total of NT$47.62 billion.

Nanya's participation in Micron's private placement and sale of its Inotera shares are the conditions enabling Micron's buyout of Inotera to materialize. Micron today announced that Inotera's share-swap transaction with MST was completed today.

"We are excited to finalize the Inotera acquisition which will generate significant financial and strategic benefits for the company," said Micron CEO Mark Durcan. "We expect immediate accretion to DRAM gross margins, earnings per share and free cash flow along with enhanced operational efficiency as we align Inotera with our global manufacturing operations."

In addition, Nanya noted its existing joint-venture contract with Micron will be terminated when Inotera becomes a unit of Micron.

Seperately, Nanya president Pei-Ing Lee disclosed the company will start making 20nm DRAM chips in small volume in the second quarter of 2017, and production will expand in the following quarter. Nanya is looking to covert half of its total wafer starts to 20nm process technology in the third quarter of 2017, according to Lee.

Nanya is capable of producing 60,000 12-inch wafers using 30nm process technology per month.

Tags: Nanya plasticsMicron Technology
Previous Post
New BenQ SW320 Flagship Photographer Monitor Released
Next Post
Facebook, Twitter And Google Are Partnering To Help Curb Spread of Online Terrorist Content

Related Posts

  • Micron Expands SSD Portfolio With New Crucial P310 2280 Gen4 SSD, Bringing High-Octane Performance To Gamers and Creators

  • Micron Unveils Industry's Fastest 2230 Gen4 Consumer SSD

  • Crucial Pro Series Supercharges Portfolio with DDR5 Overclocking Memory and World’s Fastest Gen5 SSD

  • Micron announces 9400 NVMe SSD​

  • Micron Announces Availability of “DID Agnostic” Server DRAM

  • Micron DDR5 Server DRAM Available to Data Centre Customers in Advance of Next-Generation Server Platforms

  • Phison Announces Strategic PCIe Gen5 Relationship with AMD and Micron at Computex 2022

  • Micron’s New Crucial DDR5 Memory Delivers Blazing Speeds and Massive Bandwidth to Consumers for Next-Gen Desktop PCs

Latest News

LIAN LI Redefines Compact ATX Tower with the O11D MINI V2
Cooling Systems

LIAN LI Redefines Compact ATX Tower with the O11D MINI V2

TEAMGROUP Unveils DDR5 256GB (4×64GB) Ultra-Capacity Memory Kits
PC components

TEAMGROUP Unveils DDR5 256GB (4×64GB) Ultra-Capacity Memory Kits

Spire launches UD50C White PC chassis
Cooling Systems

Spire launches UD50C White PC chassis

G.SKILL Announces T5 Neo Series DDR5-6400 CL38 512GB (64GBx8) Overclocked R-DIMM Memory Kit with AMD EXPO Support for AMD Ryzen Threadripper PRO Workstations
PC components

G.SKILL Announces T5 Neo Series DDR5-6400 CL38 512GB (64GBx8) Overclocked R-DIMM Memory Kit with AMD EXPO Support for AMD Ryzen Threadripper PRO Workstations

ZOTAC to Launch GeForce RTX 5090 ARCTICSTORM AIO & GeForce RTX 5060 Low Profile
GPUs

ZOTAC to Launch GeForce RTX 5090 ARCTICSTORM AIO & GeForce RTX 5060 Low Profile

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Terramaster F8-SSD

Terramaster F8-SSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed