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DRAM manufacturer Nanya to seek further funding in 2009 as losses rise

30 September 2008 | By Mark Osborne | News > Fab Management

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Nanya Fab 3Although Taiwan-based DRAM manufacturer Nanya Technology recently raised NT$20 billion from a five-year syndicated loan, its company spokesperson, Pai Pei-lin, has told Bloomberg that the cash injection would last a ‘few quarters’ before it would need to raise more funding, sometime in 2009.

In the interview, Pai Pei-lin noted that Nanya now expects larger than forecasted losses for its third quarter financial results. Nanya posted a $226 million loss in the second quarter, and does not project a recovery in DRAM prices through the remaining months of 2008.

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