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Kingston considering to buy stake in JMicron?

Posted on Monday, January 24 2011 @ 15:21:49 CET by

Anonymous industry sources told DigiTimes that Kingston will likely buy a stake in JMicron:
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.



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