Micron and Nanya Sign Agreement to Create Memory Technology Joint Venture
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.