Inotera Memories announced the acquisition of a short-term loan of US$133 million from Netherlands-based Numonyx Holding BV, a wholly owned subsidiary of Micron Technology.

Inotera's board of directors in December decided to cancel plans to raise additional paid-in capital through issuing 1.1 billion new shares due to the unfavorable economic environment. Alternatively, the board decided to issue either up to 1.5 billion new shares or convertible bonds worth up to NT$5 billion (US$166 million) for private placement, with Numonyx Holding and DRAM maker Nanya Technology being targets.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved