Nanya Technology raised approximately $2.5 billion in a private placement from a group of major technology companies. Investors include Cisco Systems, Kioxia, SK Hynix’s subsidiary Solidigm, and Western Digital’s Sandisk unit.
The company will use the proceeds to invest in facilities and equipment for advanced memory manufacturing. This expansion addresses the global chip shortage driven by the artificial intelligence boom.
Kioxia and Sandisk also secured multi-year strategic DRAM supply agreements as part of the deal.
Nanya Technology’s shares surged by the 10% daily limit in Taipei following the announcement.