Additionally, Nanya will no longer participate in the DRAM technology joint development program with Micron, which was initiated when Micron and Nanya entered into the Inotera joint venture in 2008. Micron will also provide Nanya with a royalty-bearing technology license.
"Micron and Nanya have enjoyed a strong and productive technology and manufacturing alliance," said Micron CEO Mark Durcan. "Moving forward, we are enthusiastic about continuing to build on that success as we expand our cooperation with Inotera."
Micron and Nanya collectively will continue to hold a majority of Inotera's shares, with Nanya or its affiliated companies likely acquiring greater equity ownership over the next year. Micron and Nanya and their affiliates currently own approximately 40 percent and 29 percent, respectively, of Inotera's outstanding shares.
Micron said the new agreements do not change Micron's previously announced fiscal second quarter 2013 estimates for DRAM production bit growth, research and development, estimated quarter to date average selling price (including forecasted product mix for the quarter) and cost per bit.