2016/11/09
Taoyuan, Taiwan, November 9th, 2016 - Nanya Technology Corporation (TWSE: 2408, “NTC”) Board of Directors today approved the investment in Micron Technology, Inc.’s private placement by acquiring Micron’s 57,780,138 shares with the price of US$17.29 per share (based on the foreign exchange rate of 31.488 New Taiwan dollars to 1 US dollar, it is equivalent to NT$ 544.42752 per share) which is equivalent to a total investment amount of NT$ 31,457,097,237. The shareholding percentage to be held by NTC is approximately 5.26% of Micron’s outstanding shares.
To further enhance both NTC and Micron strategic relationships, NTC will invest in Micron’s private placement shares and will have an option to license Micron 1x and 1y DRAM technologies and products from Micron to strengthen NTC’s competitiveness. In view of whole transaction, it enhances NTC’s long term development and provides further value to its shareholders.
Nanya Technology Corporation (“NTC”), a member of the Formosa Plastics Group, provides key components DRAM to electronic industry, focusing on research and development, design, manufacturing, and sales of consumer and Low Power DRAM products. In addition, NTC continues to enlarge its share of high value-added DRAM market, increases manufacturing efficiency, and strengthens product quality and customer services in respond to market demand. NTC’s common stock is traded on the Taiwan Stock Exchange Corporation (TWSE) under the symbol 2408. For more information, please visit http://www.nanya.com .