Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement

Nanya Technology shares surge 10% after $2.5 billion private placement

TAIPEI, March 26 (Reuters) – Shares of ​memory ‌chip maker Nanya Technology opened ‌on ​Thursday ⁠limit up ⁠10% after it issued a $2.5 billion ​private placement ⁠backed ⁠by tech ​firms such ​as Sandisk Technology. Nanya ‌Technology announced share sales ⁠to Sandisk Technology, Cisco Systems, ⁠among ‌others ⁠via ​private ‌placement late ​on Wednesday. (Reporting ⁠by Faith Hung; Editing by Christian ​Schmollinger)

Sandisk Slips 6% as a $1 Billion Investment in Nanya Technology Divides Investors

Quick Read Sandisk (SNDK) announced a $1 billion strategic equity investment in Nanya Technology, a move aimed at securing long-term memory sourcing in a supply-constrained sector. Bulls view the investment as a smart long-term expansion play. Bears question whether the $1 billion capital outlay represents an overextension given the near-term pressure on Sandisk stock. If you're focused on picking the right stocks and ETFs you may be missing…

Sandisk to Spend $1 Billion on Nanya in AI-Era Push to Lock In DRAM Supply

Sandisk will invest about $1 billion in Taiwan's Nanya Technology, acquiring a 3.9% stake and securing a multi-year DRAM supply deal. Sandisk shares fell 3.5% in U.S. trading; Nanya stock rose 4.6% in Taipei. The purchase price of NT$223.9 per share is a 15% discount to Nanya's 30-day average. Nanya will use proceeds for factory upgrades and advanced memory production. The post Sandisk to Spend $1 Billion on Nanya in AI-Era Push to Lock In DRAM …