Micron Technology (MU) Looks to Draw More Profit from Taiwan Supply Partnership

Micron Technology (Nasdaq: MU) is looking to draw more profits from its still-fresh supply agreement with Inotera Memories.

Digitimes reported that Micron has approached Formosa Plastics about such a deal, which would allow Micron to receive more profits when Inotera posts earnings.

Both Micron and Formosa and shareholders in Inotera, with Micron receiving all of the manufacturing output from the company.

The contract with Formosa was just signed in 2013 and has a six-year life.

Shares of Micron are down 1.2 percent.

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