Nanya Technology, invests in ITC, received in exchange a 5% stake and access to advanced technologies

The Board of Directors of the Taiwanese company Nanya Technology has approved investment in the company Micron Technology of approximately $ 988 million dollars. For this price, Nanya will receive 5,02% of Micron stock.

In addition, the investor will have the right to license Micron technology relating to the production of DRAM according to the norms of 10-nanometer class (process technology generations, 1x and 1y). Allegedly, this will contribute to the development of Nanya Technology in the long term.

Source: Nanya

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