Micron-Nanya JV established, say sources
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Hans Wu, Taipei; Esther Lam, DIGITIMES [Tuesday 1 April 2008]
A joint venture (JV) between Micron Technology and Nanya Technology has already been established, with corresponding definitive agreements having been signed in late March and a public announcement slated to be made soon, according to industry sources. Under the agreements, Nanya is said to enjoy much more favorable terms than under the JV that the company formed with Qimonda.
Micron and Nanya signed a memorandum of understanding (MOU) in early March outlining the establishment of the JV, and stated that definitive agreements would be signed within the next few months. The sources indicated that both parties have already signed the agreements with a Chinese company name already set.
Micron and Nanya will evenly share capacity from the new entity, meaning that both companies will have a equal stake in the company, the sources detailed. They added that Micron, though being the technology supplier, will have to pay a certain amount to take a stake in the new company. This highlights the relatively favorable terms that Nanya enjoys from this deal as Qimonda was not require to pay for taking a stake in Inotera Memories.
Amid the new JV, production will be carried out at Nanya's second 8-inch fab, which is set to be upgraded to a 12-inch fab. Monthly capacity at this fab is expected to grow from 40,000 8-inch wafers to over 40,000 12-inch wafers. The sources stated that equipment move-in is scheduled for late 2008, with capacity set to be around 10,000 12-inch wafers a month. |
