Japan NAND Flash memory giant Kioxia plans to invest NT$15.67 billion (¥77.4 billion or US$490.5 million) for 70 million shares of Taiwan's Nanya Technology in a private placement via a subsidiary, after concluding a long-term DRAM contract, it said in a filing. DRAM is a key component in Kioxia's solid-state drives (SSDs). Payment for the shares is expected April 8. #Kioxia #2408 #semiconductors #semiconductor
Source: Dan Nystedt
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