Taiwan-based DRAM maker Nanya Technology, a member of the Formosa Plastics Group (FPG), will raise additional capital of NT$9 billion (US$310 million) through issuing 5.294 billion new shares for private placement at NT$1.70 per share, with FPG members Formosa Plastics, Nan Ya Plastics, Formosa Chemicals and Fibre and Formosa Petrochemical each to subscribe for 25% of the new shares, according to Nanya.

Nanya's shareholders, at a provisional meeting on December 14, approved the company's plan to raise additional capital through issuing up to 10.935 billion new shares, with 5.294 billion shares to be issued in the first round. Also approved at the meeting was the expansion of Nanya's registered capital from NT$191 billion to NT$300 billion, Nanya indicated.

The global DRAM market is expected to reach a supply-demand balance in the second quarter of 2013 and Nanya aims to turn operations from the red into profitability in the second half of 2013, according to company chairman Wu Chia-chau. Nanya is on the way to transforming its focus from standard DRAM to specialty DRAM, Wu said. Nanya has reached a global market share of 18% and a China market share of 25% for consumer DRAM, and will focus on the Asia Pacific market, Wu pointed out.

Nanya has fully utilized a monthly production capacity of 55,000 wafers at its 12-inch fab, with less than 40% dedicated to standard DRAM. Nanya aims to hike the proportion of the production capacity processed at 30nm from 5,500 wafers currently to 40,000 eventually. In addition, Nanya will resume DRAM production at Inotera Memories, another Taiwan-based DRAM maker, in January 2013.