Thursday, June 2, 2016
P>The Investment Commission (IC) yesterday approved Micron Technology Inc¡¯s planned acquisition of its Taiwanese DRAM manufacturing unit, Inotera Memories Inc (ÈA†¿Æ¼¼), in a deal worth NT$130 billion (US$3.98 billion).
Citing Micron¡¯s funding resources for the investment, the commission said it approved Micron¡¯s plan to wire NT$28.78 billion to its local unit, Micron Semiconductor Taiwan Co (̨ž³ÃÀ¹â), which would then apply for a NT$80 billion loan from banks to fund its acquisition of Inotera.
At the same time, the commission approved a request by Nanya Technology Corp (Äφ¿Æ¼¼) ¡ª which owns a 24 percent stake in Inotera ¡ª to invest NT$31.45 billion in Micron in a bid to boost its cooperation with the US firm.
By: DocMemory
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