VIA Technologies plans to sell 300 million new shares at a price ranging from NT$9-12 (US$0.27-0.35) per share through private placement, the company has announced. Nvidia is reportedly in talks with VIA to take up a portion of the new shares, according to market sources.
VIA commented that possible candidates for the private placement will be made clear after a shareholder meeting scheduled on June 19. Nvidia declined to comment market speculation.
In additional news, VIA also announced plans to invest an extra NT$900 million into its optical storage making subsidiary, VIA Optical Solution.