DRAM maker Nanya Technology has announced consolidated revenues for November 2016 increased about 5% sequentially and 19% on year to NT$4.01 billion (US$125.5 million).

Nanya's cumulative 2016 revenues through November totaled NT$37.37 billion, down 7.3% from a year ago.

Nanya recently completed acquiring shares of Micron Technology through private placement, which gives the Taiwan-based firm a 5.26% stake in the US company. Nanya will also transfer all of its holdings in affiliate Inotera Memories to Micron's Taiwan unit – Micron Semiconductor Taiwan (MST) – for NT$30 per share, or a total of NT$47.62 billion. An estimated NT$18.64 billion in net profits will be recognized in Nanya's financial statement for the fourth quarter of 2016, according to the Taiwan-based DRAM maker.

Nanya saw its net profits jump 253% sequentially to NT$1.4 billion in the third quarter of 2016. During the quarter, Nanya recognized gains of NT$215 million from Inotera.

Nanya's DRAM bit shipments registered a 19% sequential rise in the third quarter, but ASP fell 2% on quarter. The company posted revenues of NT$10.2 billion in the third quarter, up 14.2% sequentially.

Nanya said previous bit shipments would register flat sequential growth in the fourth quarter, and shipments for all of 2016 would increase by high-teen percentages on year. The company did not give revenue and profit guidance for the quarter.