Winbond shares up on NOR story

MORE OF A FABLE?In a statement to the stock exchange, Winbond Electronics denied a newspaper report that it is thinking about acquiring Micron’s NOR flash memory unit

Taipei Times
Date: Feb 14, 2017
By: Lisa Wang / Staff reporter

Shares of Winbond Electronics Corp (華邦電子) surged 2.15 percent yesterday in Taipei trading on speculation that the memorychip maker was considering buying Micron Technology Inc’s NOR flash memory business.

Winbond’s shares closed at NT$11.9, their highest in about a week, while the TAIEX only rose 0.48 percent.

Winbond shares rallied after the Chinese-language Economic Daily News reported that the Hsinchu firm was seriously studying the feasibility of acquiring Micron’s NOR flash memory business, which, if the deal is completed, would make it the biggest NOR flash memory supplier with a 37 percent share of the market.    [FULL  STORY]

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