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10/20/2009
Nanya and Inotera Joint News Release
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Nanya and Inotera Plan Not to Submit Application for Government Funding |
Taoyuan, Taiwan (R.O.C.) October 20th, 2009 – Nanya Technology Corporation (“Nanya”) and Inotera Memories, Inc. (“Inotera) appreciate the concerns, which the Taiwan Government has put forward about local DRAM businesses, including safeguarding and restructuring the local DRAM industry. We believe that if the four requirements set by the Taiwan Government regarding “DRAM Restructuring” can be fully achieved, there would be no problem to establish DRAM technology independence to promote technology enrooting and DRAM consolidation, and to further enhance the worldwide competitiveness of DRAM makers in the island.
The management philosophy of Nanya and Inotera has been focusing on technology enrooting already for the past years. Nanya currently has a R&D team of 800 talents endowed with ability and profound groundwork of technology development. The endeavor to enhance DRAM technology independence and to cultivate self-owned brands conforms with the principles of the government’s reformation policy.
Nanya and Inotera are converting their manufacturing process technology to the 50nm technology process at the current stage to lower the manufacturing cost substantially. Encouraging results have been coming out of the 40nm technology which is under joint development with Micron Technology, and the mass production of 40nm technology is expected to start in the second half of Year 2010. 30nm technology and further advanced technologies, such as 4F2, are also under development. With the continuous development of high-end memory products, Nanya and Inotera believe that our camp will surely fulfill the government’s requirements for technology enrooting to further contribute efforts to the development of the DRAM industry in Taiwan.
The current DRAM industry is different from what it was a year ago. The best timing for DRAM reformation or consolidation under this scheme has passed. To consolidate partial capacity does not bring much help to DRAM restructuring. After thoughtful consideration, our camp has therefore decided not to submit the application for government funding.
About Nanya
Nanya Technology Corporation, a member of the Formosa Plastics Group, is a global leader in advanced memory semiconductors, focusing on research and development, design, manufacturing, and sales of DRAM products. NTC’s common stock is traded on the Taiwan Stock Exchange Corporation (TSEC) under the 2408 symbol. The company currently owns both 200mm fabrication facilities and 300mm fabrication facility in Taiwan. The company currently owns two 200mm fabrication facilities and one 300mm fabrication facility in Taiwan. The company also has a 300mm joint venture, Inotera Memories, Inc., which operates two 300mm fabrication facilities in Taiwan. Further information is available at http://www.nanya.com
About Inotera
Inotera Memories, Inc. was incorporated on January 23rd, 2003. Inotera’s production facilities are designed to manufacture high-density and high-performance commodity DRAM（Dynamic Random Access Memory）products using state-of-the-art technology. The combination of world-leading technology transferred from its technology partners and local 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：http://ir.inotera.com |
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