Kingston invests in Elpida Memory

Posted on Monday, August 18 2003 @ 16:27 CEST by Thomas De Maesschalck
Elpida today announced that Kingston is going to make a 6 Billion Yen (approximately US$50 million) investment in Elpida Memory, in exchange for non-voting stock. Elpida is a big Japanese DRAM manufacturer.

  "This investment shows Kingston's commitment to work with DRAM technology leaders such as Elpida," said David Sun, cofounder and COO of Kingston Technology. "Elpida's technology complements Kingston's strong memory product offering further enabling our capability to provide continuous volume commitments to all our global customers. We intend to continue our strategic relationship with Elpida, both as a consumer of their products and also as a module assembly and test sub-contractor."

"Kingston is an important solutions provider for the DRAM industry, and this investment marks another achievement in Elpida's strategic plan to grow our business," said Yukio Sakamoto, president of Elpida Memory. "Elpida plans to utilize a portion of the investment to increase production of leading-edge products such as DDR400 and DDR2 at its 300mm fab in Hiroshima, Japan."

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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