Memory module supplier Kingston Technology will likely subscribe to a private placement of JMicron Technology, which specializes in controller chips for solid-state drives (SSD), according to industry sources.
JMicron will host a special investors meeting on January 25 to pass the company's proposal to raise new funds via a private placement.
The sources revealed that JMicron had intended to draw investment from Toshiba, but gave up partly due to concerns that relationships with other chip sources could be affected.
Kingston considering to buy stake in JMicron?
Posted on Monday, January 24 2011 @ 15:21 CET by Thomas De Maesschalck