Sandisk to buy about $1 billion of Nanya Technology shares and secure DRAM supply

Sandisk disclosed on March 25, 2026 that a subsidiary agreed to buy about 139 million Nanya Technology shares for roughly $1.0 billion, a stake of about 3.9% on a fully diluted basis. The price was at a 15% discount to Nanya's 30-day average, and the shares carry a three-year lock-up. The filing also sets up a multi-year strategic arrangement under which Nanya supplies DRAM to Sandisk, a move to secure memory supply beyond NAND.

• About 139 million Nanya shares for roughly $1.0 billion
• Stake of about 3.9% of Nanya, fully diluted
• Purchase priced at a 15% discount to the 30-day average price
• Three-year lock-up on the shares
• Multi-year DRAM supply arrangement with Nanya