Micron Technology Inc tapped five representatives to sit on the board of Inotera Memory Inc (華亞科技) after the US memory chipmaker purchased a 35.6 pecent stake in the Taiwanese firm from German chipmaker Qimonda AG in October for US$400 million.
Qimonda originally appointed the five seats.
Aside from the five new board directors from Micron Technology, two Micron executives were added to the supervisory board at Inotera, the Taoyuan-based company said in a stock exchange filing yesterday.
Inotera Memories on Friday held an extraordinary shareholder meeting to elect the candidates for board directors and supervisors. Hours later, a board meeting named Lien Jih-chiang (連日昌) as chairman, replacing Wu Chin-jen (吳欽仁).
Lien is president of Nanya Technology Corp (南亞科技), the nation’s No. 2 computer memory chipmaker, which owns 35.6 percent in Inotera, with five seats on the 16-member board.
Inotera said that Wu, chairman of Nanya Plastics Corp (南亞塑膠) — the world’s largest processor of plastics for pipes and imitation leather — tendered his resignation because of a high workload as he heads many Nanya subsidiaries, the filing said.
The board also appointed Micron president and chief operating officer Marc Durcan as vice chairman of Inotera, the filing said.
The appointments took effect on Friday.
Inotera is at work on an industry consolidation proposal with Nanya Technology and Micron Technology, a local newspaper reported yesterday.
The companies are expected to submit the proposal to the Ministry of Economic Affairs for review before the Lunar New Year, the Chinese-language Economic Daily News reported, citing Inotera president Charles Kau (高啟全).