Inotera Memories is on track to migrate to Micron Technology's NM stack for its GB DR chips, according to company president Charles Kai. The DRAM chip maker, a joint venture between Taiwan's Nanya Technology and US-based Micron, aims to complete the technology transition by the end of 2010.

Inotera currently processes 130,000 wafers monthly on the 70nm node at its 12-inch flabs, said Kai, adding that it is looking to convert all of its 12-inch chip production to 50nm by the end of next year. The technology transition is estimated to need around US$1.6 billion, and the company expects to raise the needed fund before the end of first-quarter 2010, Kai indicated.

Inotera plans to raise additional capital of about NT$20 billion (US$605.89 million) by issuing new shares via a rights issue, global depositary receipts (FDR) or private placement offerings in the second half of 2009, according to Kai. Currently, the company has a paid-in capital of NT$40 billion, and maintains a positive cash flow of NT$1 billion monthly.

By: DocMemory
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