Nanya Technology and Inotera Memories have reduced the 2011 capex budgets to NT$12 billion each, according to the companies at their respective investors conferences on October 19.

Nanya expects PC ODM/OEM's total DRAM inventory levels to begin to drop, demand for server-use DRAM to steadily grow, and China market demand for DRAM used in set-top boxes, TVs and networking devices to increase. Nanya will issue up to 15 billion new shares to raise additional paid-in capital through private placement and hopes to finish the fundraising project by the end of November, the company indicated.

Inotera completely shifted its manufacturing process to 42nm in early September 2011 and will increase the proportion of capacity for making server-use DRAM, the company indicated. Inotera introduced 30nm technology in mid-August 2011 and has succeeded in trial production, the company pointed out. Inotera plans to start 30nm volume production of 4Gb DDR3 chips in the first quarter of 2012 and complete its shift of 30% of total capacity to 30nm process in mid-2012. To raise funds for shifting to 30nm technology, Inotera will issue 1.1 billion new shares to raise additional paid-in capital.