Taoyuan, Taiwan, June 26th, 2009 - Nanya Technology Corporation (TAIEX: 2408) today announced that it received NT$12.22 billion in a private placement of 1 billion shares.
Nanya Technology Corp. today received a total amount of NT$12.22 billion from Nan Ya Plastics Corporation, Formosa Chemicals & Fibre Corporation, Formosa Plastics Corporation, Formosa Petrochemical Corporation, Mai-Liao Power Corporation, and Chang-Gung Medical Foundation for 1 billion new shares at NT$ 12.22 per share in private placement. The fund is mainly for the upgrade of its own 12 inch fab to 50nm stack technology conversion, the new equipments purchasing, and the increase of working capital.
Nanya will continuously focus on the development and innovation of advanced semiconductor technologies. The company is scheduled to start pilot run for a 2Gb DDR3 DRAM product in 50nm stack technology in the second half of 2009; at that time, Nanya Technology will become the first and only company offering advanced DDR3 products in Taiwan. The conversion to 50nm is expected to help the company improve its competitiveness in DRAM Industry.
Back up by the strong financial supports from its parent company together with the leading R&D technology from the strategic partner, Nanya Technology Corp., the leading DRAM maker in the world, will strive to pursue the maximum value for its shareholders.
About Nanya
Nanya Technology Corporation, a member of the Formosa Plastics Group, is a global leader in advanced memory semiconductors, focusing on research and development, design, manufacturing, and sales of DRAM products. NTC¡¦s common stock is traded on the Taiwan Stock Exchange Corporation (TSEC) under the 2408 symbol. The company currently owns one 200mm and one 300mm fabrication facility in Taiwan. The company also has a 300mm joint venture, Inotera Memories, Inc., which operates two 300mm fabrication facilities in Taiwan. Further information is available at http://www.ntc.com.tw.
Contact persons:
Spokesperson Dr. Pei Lin Pai - Vice President TEL: 886-3-3281688 x 1008, plpai@ntc.com.tw
Press Contact Sandra Liu - PR Department TEL: 886-3-3281688 x 6006, sandraliu@ntc.com.tw
