‘IMPORTANT INFORMATION’:Taiwan Stock Exchange Corp fined Inotera Memories NT$300,000 for the belated disclosure of Micron’s delayed closing of the acquisition

Taipei Times
Date: Jun 15, 2016
By: Lisa Wang / Staff reporter

Inotera Memories Inc’s (華亞科技) fast migration to advanced 20-nanometer (nm) DRAM technology is the driving force behind Micron Technology Inc’s plan to continue its buyout of the memorychip maker, TrendForce Corp (集邦科技) said.

The Taipei-based researcher said the NT$130 billion (US$4.01 billion) acquisition would create a win-win situation for Micron and Nanya Technology Corp (南亞科技), which agreed to sell a 24 percent stake in Inotera to the US memorychip maker.

The deal is crucial for Nanya, as the share sale would give it access to next-generation technologies from Micron, extending their partnership on 20nm technology, TrendForce said in a report released on Monday after Inotera told a media briefing that Micron is to acquire the remaining 67 percent stake from Nanya and other members of Formosa Plastics Group (台塑集團).

Micron is the world’s second-largest DRAM supplier, with an 18.5 percent global market share by revenue last quarter, behind South Korea’s Samsung Electronics Co’s 46.4 percent and SK Hynix Inc’s 27.1 percent, according to TrendForce data.     [FULL STORY]