Inotera Memories Inc (華亞科技), a DRAM chipmaking venture between Micron Technology Inc and Nanya Technology Corp (南亞科技), yesterday said it has raised NT$6 billion (US$200 million) via a private placement.
Inotera sold 634 million shares at NT$9.47 per share, representing a 9.8 percent discount from the company’s closing price of NT$10.50 yesterday.
Nan Ya Plastics Corp (南亞塑膠), the plastics manufacturing arm of Formosa Plastics Group (台塑集團), said it subscribed to 422 million new common shares of Inotera for a total of NT$4 billion, while affiliate Nanya Technology subscribed to 211 million shares for NT$2 billion.
That boosted Formosa Plastics Group’s stake in Inotera to 35.53 percent — from 29.56 percent previously, including the 2.25 percent share owned by the group’s printed circuit board maker Nan Ya Printed Circuit Board Corp (南亞電路板) — equivalent to the stake held by Micron.
Inotera said it would use the proceeds to improve its financial structure and to replenish its operating capital.
TECH UPGRADE
Inotera plans to spend NT$4.5 billion on new equipment this year for its migration to 30-nanometer (nm) process technology. That does not include spending on further upgrading its technology to 20nm.
Inotera expects 30nm DRAM chips to account for 90 percent of its total input this quarter.
HSBC Holdings PLC is deepening its commitment to Taiwan as the economy emerges as one of the bank’s fastest-growing markets globally, driven by an artificial intelligence (AI) investment boom, expanding cross-border trade, and rising wealth creation. “The advantage that Taiwan has is a growth story linked to the semiconductor and broader AI industries, strong underlying corporate performance, and wealth creation,” said Surendra Rosha, HSBC’s co-chief executive for Asia and the Middle East, in an exclusive interview with the Taipei Times on June 2, during this year’s HSBC Taiwan Conference. That combination has helped HSBC cement its position as the most profitable international
The New Taiwan dollar yesterday fell sharply against the US dollar to close at its lowest level since May 22 amid a massive outflow of funds from the country because of investors panicking over global equity markets. The NT dollar ended at NT$31.580 against the US dollar, slightly lower than its close of NT$31.568 on May 22, after moving between NT$31.5 and NT$31.648 on combined turnover of US$3.062 billion on the Taipei Foreign Exchange and the Cosmos Foreign Exchange. The NT dollar received a significant hit in the morning session, slumping as much as NT$0.173 at a time when other Asian currencies
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is now ranked ninth among the world’s 100 most valuable companies after its market capitalization more than doubled over the past year, PricewaterhouseCoopers (PwC) Taiwan said in a report last month. TSMC’s market capitalization surged 101 percent year-on-year to US$1.427 trillion as of March 31, the accounting and consulting firm’s 2026 Global Top 100 Companies by Market Capitalization report said. The gain catapulted the world’s largest contract chipmaker from 12th place to ninth in the rankings, and it was the fastest-growing among the global top 10, it said. TSMC was the only Taiwanese company among the top
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported record revenue of NT$416.975 billion (US$13.17 billion) for last month, putting the world’s largest contract chipmaker on track to set a record for quarterly revenue. Last month’s figure surpassed March’s record NT$415.19 billion and represented increases of 1.5 percent from April and 30.1 percent from a year earlier. For the first five months of the year, TSMC generated NT$1.96 trillion in revenue, up 30 percent year-on-year, it said in a statement. TSMC has forecast second-quarter revenue of between US$39 billion and US$40.2 billion, representing sequential growth of about 10 percent and year-on-year growth of about
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