Nanya Technology Corporation (“NTC”) Board of Directors today approved the investment in Micron Technology, Inc.’s private placement by acquiring Micron’s 57,780,138 shares with the price of US$17.29 per share (based on the foreign exchange rate of 31.488 New Taiwan dollars to 1 US dollar, it is equivalent to NT$ 544.42752 per share) which is equivalent to a total investment amount of NT$ 31,457,097,237. The shareholding percentage to be held by NTC is approximately 5.02% of Micron’s outstanding shares.
To further enhance both NTC and Micron strategic relationships, NTC will invest in Micron’s private placement shares and will have an option to license Micron 1x and 1y DRAM technologies and products from Micron to strengthen NTC’s competitiveness. In view of whole transaction, it enhances NTC’s long term development and provides further value to its shareholders. |