Strategic investments and supply agreements push Nanya to expand advanced memory chip production.
Shares of Nanya Technology surged to the daily limit on Thursday after the company raised about $2.5 billion through a private placement backed by major global technology firms, highlighting strong investor confidence driven by AI-led memory demand.
The stock opened at the 10% upper circuit following the announcement of investments from SanDisk Technologies, alongside participation from Solidigm, Cisco Systems and Kioxia. The collaboration combines equity funding with long-term supply partnerships aimed at securing memory chip availability.
Investors purchased shares at NT$223.9 apiece, slightly below the previous closing price, triggering strong buying interest that pushed the stock higher in early trading. Nanya plans to use the proceeds to expand fabrication facilities and invest in advanced equipment for next-generation memory production.
The funding comes as semiconductor companies accelerate capacity expansion to address a global memory shortage fuelled by artificial intelligence workloads. Rising demand for AI servers has tightened DRAM supply across industries including smartphones, personal computers and automobiles.
SanDisk emerged as the largest investor and has signed a multi-year agreement under which Nanya will supply DRAM products. Kioxia also secured a long-term supply arrangement to support growing demand for solid-state drives linked to AI data infrastructure.
The deal reflects a broader shift toward strategic collaborations as technology firms seek greater control over semiconductor supply chains. The development follows increased capital market activity in the memory sector, including plans by SK Hynix to pursue a potential U.S. listing later this year.
