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Adata, TeamGroup Raise $880M for NAND DRAM Amid Chip Shortage Crisis

Lena Fischer 0 comments 1 min read

Adata, TeamGroup, and Micron raise $880M to secure NAND and DRAM inventory as record-high SSD prices force major financial moves across the storage industry.

Adata, TeamGroup Raise $880M for NAND DRAM Amid Chip Shortage Crisis
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Adata, TeamGroup, Micron, and other Taiwanese manufacturers raised $880M to secure NAND/DRAM inventory.

Major Taiwanese manufacturers secure fresh capital to stabilize inventory amid skyrocketing storage component costs.

Record-high SSD prices and skyrocketing chip costs are driving the need for fresh capital.

Adata issued NT$2B in convertible bonds, secured NT$12B in syndicated bank loans, and plans to sell 30M new shares.

Goldkey Technology raised NT$4.5B; TeamGroup raised NT$2B via bonds; Apacer added NT$1B.

Source: NotebookCheck

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