08:14 AM EDT, 03/25/2026 (MT Newswires) -- SanDisk ( SNDK ) said Wednesday its subsidiary has agreed to invest about $1 billion in Nanya Technology through a private placement of common stock.

The company will purchase about 139 million shares of Nanya, representing about 3.9% of the company's fully diluted outstanding shares following completion of the transaction.

Alongside the equity investment, the companies also entered into a multi-year strategic supply agreement under which Nanya will provide DRAM products to SanDisk ( SNDK ) to support its long-term memory sourcing strategy, it said.