Inotera Memories plans to raise capital through issuing up to 450 million new shares for open sale on the Taiwan Stock Exchange (TSE) or by floating GDRs. The funding will be used for technology transitions, according to the DRAM maker.

　　The fund-raising plan is subject to shareholder approval. Inotera is scheduled to hold a special shareholders meeting on February 13, 2014.

　　Inotera expressed optimism about its operations in 2014, citing more stable chip prices and the company's diversified offerings. PC DRAM chips now account for only 30% of Inotera's revenues, said the company, adding that it has put increased focus on products for mobile devices and servers.

　　In addition, Inotera said it is looking to have its 12-inch fab capacity, estimated at about 120,000 units per month, transition to 20nm process technology in 2014.

　　Inotera reported record revenues and net profits for the third quarter of 2013. The firm expects to enjoy another quarter of record sales and profits in the fourth quarter.

　　Inotera swung to profits in the second quarter of 2013, after 13 consecutive quarterly losses. The firm is set to make its first annual profits since listing on the TSE.

　　Inotera is now a production subsidiary of Micron Technology, which has purchased all of the Taiwan firm's manufacturing output starting early 2013. Inotera was previously a DRAM-manufacturing joint venture between Micron and Nanya Technology.