22 Oct '12, 6am
Nanya Technology, Inotera to receive new financing to move to 30nm process, say sources
Nanya Technology, Inotera to receive new financing to move to 30nm process, say sources Josephine Lien, Taipei; Steve Shen, DIGITIMES [Monday 22 October 2012] DRAM makers Nanya Technology and Inotera Memories are expected to receive new financing of up to NT$10 billion (US$341.5 million) each, which will help stabilize their financial operations, according to industry sources. The Formosa Plastics Group, the parent company of Nanya Technology, reportedly will provide financing of NT$10 billion to Nanya to strengthen its financial capability so that the company can accelerate its migration to a 30nm process, the sources revealed. Nanya will also strengthen its cooperation with Micron Technology, while switching its focus to niche market ICs, the sources added. Also backed by the Formosa Group, Inotera is expected to sign a syndicated loan of up to NT$10 billion with a banki...