Micron Technology executives including CEO Mark Durcan and CFO Ernie Maddock have already arrived in Taiwan raising speculation that the US firm will finalize its planned deal to acquire DRAM firm Inotera Memories as early as tomorrow (July 15).

Micron has agreed to buy all the shares it does not own in Inotera, and have Inotera merge with its Taiwan unit - Micron Semiconductor Taiwan (MST; formerly Rexchip Electronics). Micron already owns about 33% of Inotera.

The deal, valued at a total of approximately US$3.2 billion, was supposed to close in mid-July. However, Micron has pushed back the closing.

Inotera previously dismissed reports claiming Micron is seeking to lower the acquisition price for the company. Inotera also clarified that it is not in talks with Micron about revising the acquisition price of the deal, under which the Taiwan-based company will sell its remaining shares to the US firm for NT$30 (US$0.94) a share.

Nanya Technology also dismissed reports saying Micron "seems unsatisfied" with the earlier-agreed prices and terms about the Taiwan-based firm's paricipation in the US firm's private placement. Nanya reiterated its support for the acquisition of Inotera Memories by Micron Technology. The delay in closing the transaction relates purely to procedural issues, Nanya indicated.

Micron and Nanya have reached a deal under which Nanya would sell its 24.2% stake in Inotera to Micron for NT$47.6 billion, and invest up to NT$31.5 billion in Micron to buy the US firm's equity. The deal is part of the conditions enabling Micron's Inotera acquisition to complete.