Nanya Technology Announces Private Placement Subscription by Kioxia

Nanya Technology Corp. announced that Kioxia Corp. has subscribed for 70,000,000 common shares in NTC’s private placement, at a subscription price of NT$ 223.9 per share.The proceeds will be used to invest in NTC’s factory facilities and production equipment for advanced memory manufacturing to address the surge in computational demand driven by next-generation AI.