TAIPEI – Stock prices for Taiwan-based memory chip manufacturer Nanya Technology hit their daily maximum increase of 10% when trading began Thursday morning, following news of a massive private investment deal.
The dramatic stock price jump came after Nanya Technology revealed late Wednesday that it had secured $2.5 billion through private stock sales to major technology companies, including SanDisk Technology and Cisco Systems.
The private placement represents a significant vote of confidence from established tech industry players in the memory chip maker’s future prospects.
