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3/3/2008
Inotera Memories, Inc. Comments on the Announcement of Nanya / Micron MoU
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Taoyuan, Taiwan (R.O.C.), (03-03-2008) － Regarding the announcement of Nanya Technology and Micron Technology on the signing of a memorandum of understanding, Inotera Memories, Inc. wishes to make the following clarification:
- Since its incorporation in 2003, Inotera has achieved five consecutive years of profitable operation and was the only Taiwanese DRAM company that posted a net profit last year despite severe market conditions. The Company positions itself as a memory foundry to service customers through very competitive low-cost production and fast technology-ramp along with continuously improving production cycle times and highest product quality. Inotera will stick to this commitment to customers going forward.
- Since incorporation, Inotera has succeeded in the transfer of various technologies including 110nm, 90nm, 80nm, 70/75nm from Qimonda AG and Nanya Technology. It has also signed a transfer agreement for 58nm process technology to further secure a cost-competitive production.
- The board of directors and the management team of Inotera will always act in the best interest of all the shareholders and employees in deciding the Company's future. The Company will continue to strive to service its customers by adopting the most competitive and beneficial process and product technologies.
About Inotera
Inotera Memories, Inc. was incorporated on January 23rd, 2003. Inotera is a joint venture between Qimonda AG and Nanya Technology Corporation. Inotera's production facilities have been designed to manufacture high-density and high-performance commodity DRAM（Dynamic Random Access Memory）products using state-of-the-art trench technology. The combination of Qimonda's (the former Memory Products Group of Infineon Technologies) world leading technology and Nanya's cost-efficiency in mass production has resulted in an innovative company that is highly productive, highly competitive and at the leading edge in the DRAM industry. For more information please visit： http://www.inotera.com
Spokesperson
Charles Kau, President
Press Contact
Jennifer Chien, IR / PR Department
Tel. 03-327-2988 Ext. 3938
E-mail：jenniferchien@inotera.com
Disclaimer
This press release contains some forward-looking statements that are subject to substantial risks and uncertainties. Typically, these statements contain words such as “anticipate," “believe,” “could,” “estimate,” “expect,” “intend,” “plan,” forecast,” “project,” “predict,” “potential,” “continue,” “may,” “should,” “will” and “would” or similar words. You should consider these forward-looking statements carefully because such statements are only our expectations or projections about future events, and actual results may differ materially from those expressed or implied by such statements. The forward-looking statements in this press release include, but not limited to, growth rates for various markets estimated by a third party source, future products and technology development, widespread market acceptance of the hosted delivery model, future revenue growth and profitability. You should be cautioned that the forward-looking statements are not the guarantees of our future performance. The forward-looking statements contained in this press release are made only as of the date of this press release and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances, except as required by law.
This press release and the information contained herein is the property of Inotera, Memories Inc.
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