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Taoyuan, Taiwan (R.O.C.) October 13th, 2008 – With respect to the announcement that our major shareholder Qimonda AG has entered into an agreement with Micron Technology Inc. to transfer its stake of Inotera Memories to the latter, we hereby express that we believe this transfer of ownership will help us to further secure our technology roadmap for the future.
We will promptly engage in negotiations with Micron Technology and Nanya Technology for the details in business level cooperation in the future with commitment to continuously provide the most cost effective commodity DRAM production for our partners based on the memory foundry model.
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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 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 Inotera’s IR Website：htpp://ir.inotera.com
Spokesperson
Charles Kau, President
Press Contact
Dora Tou, IR / PR Department
Tel. 03-327-2988 Ext. 3935
E-mail：doratou@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.
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