TAIPEI Taiwanese chipmaker Nanya Technology Corp on Tuesday said the number of Micron Technology Inc shares it will buy in an up to T$31.5 billion ($1 billion) private placement will be decided by its U.S. partner around early November.
President Pei-ing Lee, at a news briefing with Nanya-Micron joint venture Inotera Memories Inc, said Micron has yet to determine the price of shares and size of the investment.
A maximum $1 billion investment would give Nanya around 5 percent of Micron, according to a Reuters calculation based on Micron’s current share price of around $17.50.
The investment would be part of Micron’s restructuring of its Taiwanese operations. In late 2015, Micron said it would sell shares and license technology to Nanya as part of a deal to buy full control of Inotera. [nWNAB09EXD] [nGNXMIVXOa]
Trading of shares in Inotera, which manufactures…