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Nanya Technology buys 5% stake in Micron
Nanya Technology’s board has approved the company’s investment in Micron Technology, Inc.’s private placement by acquiring 57,780,138 shares for USD 17.29 per share.
The – USD 997.5 million – purchase will give Nanya a shareholding percentage of about 5.02% in Micron.
Nanya will also have an option to license Micron 1x and 1y DRAM technologies and products from Micron - which aims to strengthen its competitiveness.
