Micron Expands Relationship with Nanya Technology

Micron announced last week that it expanded its partnership with Nanya Technology Corporation and signed a definitive agreement to acquire Qimonda AG’s 35.6 percent ownership stake in Inotera Memories, Inc., a leading Taiwanese DRAM memory manufacturer, for $400 million in cash. The new relationship with Inotera will increase Micron’s competitiveness by further leveraging Micron’s current MeiYa joint venture with Nanya. Micron will gain greater scale in DRAM, reduce its operating expenses per wafer and have access to a very cost competitive operation. For more information on the announcement and partnership, visit www.micron.com.