Financial aid from Formosa Petrochemical to Nanya Technology and Inotera

Formosa Petrochemical is to provide financial hand to Nanya Technology and Inotera, by way of providing one year loans of US$167.34 mln to Nanya and US$270.8 mln (NT$8.5 billion) to Inotera in a bid to help the two memory outfits buy new equipment in their move toward 42nm. Formosa Plastic Group is the parent company of Nanya. Cher Wang is the heiress to the company, owns Inotera and FIC. Nanya has previously borrowed US$167.34 mln (NT$5 bln) from Formosa Petrochemical, bringing the total to US$303 mln (NT$10 billion).
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