SanDisk invests $1 billion in Nanya Technology for 3.9% stake

SanDisk Technologies entered into a private placement agreement on March 25, 2026, to purchase approximately 139 million shares of Nanya Technology Corporation for $1.0 billion, according to a regulatory filing.

The investment represents approximately 3.9% of Nanya's outstanding common stock on a fully diluted basis following the transaction. SanDisk Technologies is a wholly-owned subsidiary of SanDisk Corporation (NASDAQ: SNDK).

The purchase price reflects a 15% discount to Nanya's 30-day average trading price, consistent with Taiwan Securities and Exchange Act requirements. The private placement is being conducted under Article 43-6 of the Taiwan Securities and Exchange Act and requires post-closing filings with the Taiwan Stock Exchange and other Taiwanese regulatory authorities.

The shares acquired by SanDisk will be subject to a three-year statutory lock-up period following delivery, during which the company will be restricted from transferring or selling the shares, with limited exceptions under Taiwanese law.

SanDisk and Nanya also entered into a multi-year strategic supply arrangement under which Nanya will supply DRAM products to SanDisk. The supply arrangement is intended to support SanDisk's long-term DRAM sourcing strategy.

The information was disclosed in a Form 8-K filing that referenced the full Equity Investment Agreement as Exhibit 10.1.

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