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About Inotera
Incorporated on January 23rd, 2003, Inotera Memories, Inc. is a joint venture between Nanya Technology Corporation (an affiliate of the Formosa Plastics Group) and Micron Technology, Inc..
Inotera provides commodity DRAM foundry services on 300mm silicon wafers and currently has two inter-connected 300mm fabrication facilities with a combined capacity of approximately 130 thousand wafer starts per month. According to the supply agreement between Inotera and its customers, Micron and Nanya Technology, all of Inotera’s manufacturing capacity will be reserved for these two customers on an equal basis, and Inotera sells its products to them according to a contractually defined pricing formula. Inotera is designed to focus on operational excellence in mass production to manufacture DRAM memory products with high quality using state-of-the-art technology and to leverage its economies of scale in order to maximize its cost efficiency.
The Company has started pilot runs in 50nm stack DRAM manufacturing process technology as scheduled in the third quarter of 2009 and has released tool purchase orders for the initial conversion from 70nm trench technology to 50nm stack technology up to a capacity of 66 thousand wafer starts per month. Inotera plans to commence mass production in 50nm stack technology in the first quarter of 2010, and its total capacity of 130 thousand wafer starts per month is expected to be converted into 50nm stack technology by the end of 2010 with DDR3 products making up the majority of the production.
Inotera is confident that the Company's strengths in operational excellence, cost efficiency and adoption of advanced technologies will keep the Company in a leading position as one of the most productive semiconductor manufacturers worldwide. Together, the Board of Directors and the management team of Inotera Memories will keep striving to enhance the competitiveness of the company and to create value for the shareholders.
Executive Management Team
Charles Kau, President
Michael Sadler, Executive Vice President
Dr. David Liu, Senior Vice President of Production
Kai Strohbecke, Vice President of Finance
Fred Fishburn, Assistant Vice President of Technology and Product Engineering
Ron Chu, Assistant Vice President of Production
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