DRAM maker Inotera Memories on December 13 announced the acquisition of a short-term loan of US$133 million from Netherlands-based Numonyx Holding BV, a wholly owned subsidiary of Micron Technology.

Inotera's board of directors in December decided to cancel plans to raise additional paid-in capital through issuing 1.1 billion new shares due to the unfavorable economic environment. Alternatively, the board decided to issue either up to 1.5 billion new shares or convertible bonds worth up to NT$5 billion (US$166 million) for private placement, with Numonyx Holding and DRAM maker Nanya Technology being targets.

Inotera has a 2011 capex of NT$12 billion to upgrade manufacturing to 42nm and trial production at 30nm. 

Source:digitimes