Thursday, February 23rd 2012

Micron Biggest Shareholder of Inotera Memories

Micron Technology emerged as the biggest shareholder of Inotera Memories, with 40% stake in the company. This follows Nanya Technology's decline in shareholding from 30% to 26%. Micron had recently taken up new shares of Inotera in a private placement for about NT$5 billion (US$169.1 million), or NT$6.55 per share. DigiTimes notes that the fresh investment by Micron will help expedite DRAM and NAND flash capacities in Taiwan, Japan, and the US; which will helpD RAM makers to deliver integrated DRAM/NAND flash solutions to clients to improve ASPs and profitability, according to Inotera president Charles Kao.

Source: DigiTimes
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