On March 25, 2026, Sandisk Technologies, Inc., a wholly-owned subsidiary of Sandisk Corporation, entered into a Private Placement Subscription Agreement with Nanya Technology Corporation. This strategic equity investment involves the purchase of approximately 139 million shares of Nanya common stock for an aggregate price of around $1 billion, representing about 3.9% of Nanya's outstanding common stock on a fully diluted basis post-transaction. The purchase price reflects a 15% discount to Nanya's 30-day average trading price, in compliance with the Taiwan Securities and Exchange Act. The transaction is subject to regulatory approvals and a three-year lock-up period for the shares, during which Sandisk will be restricted from selling or transferring the shares, barring limited exceptions under Taiwanese law. Concurrently, Sandisk and Nanya have established a multi-year strategic supply arrangement for DRAM products, aimed at supporting Sandisk's long-term sourcing strategy. This investment is expected to enhance Sandisk's operational capabilities and strengthen its position in the semiconductor market.

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