Nanya Technology shares surge 10% after $2.5 billion fundraising

By Faith Hung and Wen-Yee Lee TAIPEI, March 26 (Reuters) - Shares of Taiwanese memory chip maker Nanya Technology opened limit-up 10% ‌on Thursday after raising about $2.5 billion in a private placement ‌from SanDisk Technologies and others to expand advanced chip production. The fundraising comes as chipmakers boost ​production capacity and their customers seek to lock in supplies through tie-ups amid a global memory chip shortage triggered by the artificial intelligence boom. That in turn has tightened ...