Overview
- Nanya disclosed a private placement of roughly $2.5 billion to SanDisk Technologies, SK Hynix’s Solidigm unit, Cisco Systems and Kioxia, and its shares later traded up to T$249.
- The buyers agreed to pay T$223.9 per share, a price set just below the prior close of T$226.5 disclosed by the company.
- SanDisk committed about T$31 billion, while Solidigm, Cisco and Kioxia each committed around T$16 billion, according to Nanya’s announcement.
- Nanya said the funds will go to factory facilities and production equipment for advanced DRAM, and it paired the investments with supply deals that include a multi-year DRAM agreement with SanDisk and a long-term pact with Kioxia.
- The move reflects a wider push to lock in memory supply during an AI-driven shortage, with recent steps by peers such as SK Hynix planning a U.S. listing highlighting the race to finance capacity.