Nanya Technology Completes $2.5B Private Placement to Fund AI-Driven Expansion

Deal Summary

Taiwanese memory maker Nanya Technology announced the completion of a US$2.5 billion private placement, boosting its cash reserves to about US$5.8 billion. The funds will support a 70 percent increase in R&D spending and capacity expansion to meet rising AI demand. The announcement was made at a Taiwan Stock Exchange media briefing during Computex.