Micron Technology, Inc.
MU today announced that it has entered into agreements with Nanya
Technology Corporation to amend their joint venture relationship involving
Inotera Memories, Inc., a leading Taiwanese DRAM memory manufacturer, and to
amend their joint development arrangement. The new agreements are effective
immediately.
The amendments include a new supply agreement between Micron and Inotera
pursuant to which Micron is transitioning to purchase all of Inotera's
manufacturing output, with Micron purchasing substantially all of such output
beginning in early 2013. Under the prior agreements, Nanya and Micron were
each generally obligated to purchase half of Inotera's output. Commercial
terms of the new supply agreement between Micron and Inotera have also
changed. Under the new arrangement, Micron's purchase price for Inotera output
is market based as opposed to the former margin sharing arrangement.
Additionally, Nanya will no longer participate in the DRAM technology joint
development program with Micron, which was initiated when Micron and Nanya
entered into the Inotera joint venture in 2008. Micron will also provide Nanya
with a royalty-bearing technology license.
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