Micron becomes largest shareholder of Inotera


US-based DRAM maker Micron has taken up new shares released by Inotera Memories in a private placement for about NT$5 billion (US$169.1 million), or NT$6.55 per share. Consequently, Micron becomes the largest shareholder of Inotera with a 40% stake.

Nanya Technology, which previously held a 30% stake in Inotera has seen its share decline to 26%.

The new investment by Micron in Inotera will help speed up consolidation of DRAM and NAND capacities in Taiwan, Japan and the US, commented Charles Kao, president of Inotera.

Such consolidation will push DRAM makers to deliver integrated DRAM/NAND flash solutions to clients to improve ASPs and profitability, Kao stated.

Previously, Micron had lent NT$5 billion to Inotera showing its strong support to the local DRAM maker.


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