Nanya Technology has denied a report claiming that it pans to give up its holdings in Inotera Memories, a DRAM-manufacturing joint venture between Nanya and Micron Technology.
Nanya may sell its stake in Inotera to Micron, a move that will herald an industry reorganization, Bloomberg reported citing an analyst at Mirae Asset Securities. The speculation follows a rumor, denied by Powerchip Technology, that the company is in final talks with Elpida Memory over a possible integration between Powerchip, Elpida and ProMOS Technologies.
Nanya shares closed up 1.9% at NT$16.55 (US$0.57) on January 13, while Inotera rose 1.3% to NT$16.25.
In November 2008, Micron completed the purchase of Qimonda's stake in Inotera and began to receive the DRAM output formerly reserved for Qimonda from Inotera's 12-inch wafer fab. Formed as a 50:50 12-inch fab joint venture between Nanya and Qimonda (which went bankrupt in early-2009), Inotera commenced operations in mid-2004, and began trading on the Taiwan Stock Exchange (TSE) in March 2006.
Inotera is gearing up to ramp chip production using 42nm during 2011. The company has completed its 50nm process technology transition.