Taiwan Memory Manufacturer Nanya Technology (2408) announced on the 25th a three-phase private placement, officially introducing major strategic investors from the global memory and semiconductor supply chain, including Kioxia, SanDisk, and Solidigm (wholly owned by SK Hynix), with Cisco also involved, totaling NT$78.7 billion.
Nanya Tech’s NT$78.7 billion private placement attracts Kioxia, SanDisk, SK Hynix
The private placement is conducted in three tranches, issuing approximately 351 million shares at NT$223.9 per share, about 85% of the reference price of NT$263.3. Among the subscribers, SanDisk via its subsidiary subscribed for about 139 million shares, Kioxia subscribed for 70 million shares, while Solidigm and Cisco each subscribed for approximately 71.4 million and 71.5 million shares respectively. From an industry perspective, Kioxia and SanDisk have long been partners, and this time they jointly invested in DRAM manufacturer Nanya Tech.
Major Memory Manufacturers from the US, Japan, and Korea and the Formosa Plastics Group’s Shareholding Structure
On the other hand, this foreign investment will also create structural interactions with the existing cross-shareholding system of the Formosa Plastics Group. Currently, Nanya is still primarily held by Nanya itself with about 29%, making it the largest shareholder, and is jointly owned by related companies such as Taiwan Chemical Fiber and Formosa Plastics, forming a stable control structure. Additionally, Formosa Plastics, Nanya, Taiwan Chemical, and Formosa Petrochemical have long-standing cross-shareholdings, forming a rare large corporate “shareholding network” in Taiwan.
This cross-shareholding mechanism allows Nanya Tech to maintain group dominance when introducing external capital, while balancing strategic cooperation and governance stability.
This article: Nanya Tech (2408) private placement NT$78.7 billion! Behind the investment from US, Japan, and Korea memory manufacturers, you should pay attention to Formosa Plastics’ cross-shareholding was first published on Chain News ABMedia.