Nanya Technology shares jump 10% after $2.5 billion fundraising for chip expansion

Summary

Nanya Technology shares rose 10% after a $2.5 billion private placement.
The funding will support expansion of memory chip production amid rising AI-driven demand.

TAIPEI, March 26, 2026 — Shares of Nanya Technology climbed 10% on Thursday after the company raised about $2.5 billion through a private placement to expand its advanced chip manufacturing capacity.

The fundraising comes as semiconductor companies increase production to meet growing demand linked to artificial intelligence. At the same time, customers are entering long-term partnerships to secure supply, as memory chip availability remains tight across industries including smartphones, computers, and automobiles.

Nanya said it would sell shares to a group of strategic investors, including SanDisk Technologies, Solidigm, Cisco Systems, and Kioxia.

The shares were priced at T$223.9 each, slightly below the previous closing price of T$226.5. Following the announcement, the stock rose to T$249, reaching the daily upper trading limit.

The company said proceeds from the deal will be used to invest in manufacturing facilities and production equipment to support next-generation memory chips.

SanDisk is investing approximately T$31 billion ($969.69 million), while the other three investors are each contributing around T$16 billion.

Alongside the equity investment, SanDisk has entered into a multi-year agreement with Nanya to secure DRAM supply. Kioxia also confirmed a long-term supply arrangement, citing strong demand growth in its solid-state drive business driven by AI applications and the need for stable memory supply.

The deal comes amid broader industry activity. SK Hynix said a day earlier it plans to pursue a U.S. listing later this year, which could raise up to $14 billion.

Why this matters

• Highlights accelerating investment in semiconductor capacity driven by AI demand
• Signals continued tight supply conditions in memory chips across industries
• Reflects growing use of strategic partnerships to secure long-term chip supply
• Indicates strong investor confidence in the long-term outlook for the memory market

FAQs

Q1: Why did Nanya Technology’s shares rise?

The stock increased after the company announced a $2.5 billion fundraising to expand production capacity.

Q2: Who are the investors in the deal?

Key participants include SanDisk Technologies, Solidigm, Cisco Systems, and Kioxia.

Q3: What will the funds be used for?

The company plans to invest in manufacturing facilities and advanced chip production equipment.

Q4: Why is demand for memory chips increasing?

Growth in artificial intelligence applications is driving higher demand for memory components.

Q5: Are there supply agreements linked to the deal?

Yes, SanDisk and Kioxia have signed long-term DRAM supply agreements with Nanya.