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Micron and Nanya Sign Agreement to Create Memory Technology Joint Venture

Discussion in 'News' started by malware, Apr 21, 2008.

  1. malware New Member

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    Micron Technology and Nanya Technology Corporation announced today that the two companies have signed an agreement to create MeiYa Technology Corporation, a new DRAM joint venture. The partnership will leverage both Micron and Nanya’s manufacturing technology, strengths and experience. As part of the joint venture, a 200 millimeter (mm) Nanya manufacturing facility in Taiwan will be upgraded to industry-leading 300mm technology starting this year, with the facility coming online for production in 2009. In addition to MeiYa, the parties will jointly develop and share future technology.

    Both parent companies will own 50 percent of the joint venture initially, and each will contribute USD $550 million in cash by the end of 2009. The transaction is subject to customary closing conditions, including regulatory approval in Taiwan, and is expected to close within the next few months.

    “This partnership brings greater scale and efficiency to the DRAM manufacturing operations of both parent companies, and Micron is pleased to officially enter into this joint venture with Nanya,” said Mark Durcan, Micron’s President and Chief Operating Officer.

    “We are sure that MeiYa will demonstrate the synergistic combinations of Nanya and Micron’s strength in the DRAM industry,” said Dr. Jih Lien, Nanya’s President. “Nanya has a very high expectation for this new entity.”

    Source: Micron
  2. DanishDevil

    DanishDevil

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    Wow...that's surprising. Micron's so big, and I really haven't heard of Nanya nearly as much.

    Hopefully this makes the companies even better!
  3. jbunch07

    jbunch07 New Member

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    sweet! i cant wait to see what they bring out!
  4. WarEagleAU

    WarEagleAU Bird of Prey

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    Why is it based in Taiwan though? Micron is an american company..

    not too bad though, kind of exciting.
  5. FreedomEclipse

    FreedomEclipse ~Technological Technocrat~

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    *cough*cheaper memory for all!*cough*

    this looks & sounds good they other companies that shut shop because of the low ram prices should have joined forces instead of disbanding in the first place - who knows what may have happend if the co-op.

    good luck to the both of them - great idea

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