Kingston buys stake in JMicron

Posted on Friday, February 11 2011 @ 19:03 CET by Thomas De Maesschalck

DigiTimes reports Kingston has invested NT$96 million (around US$3.29 million) in JMicron:

JMicron Technology has confirmed it will draw investment from Kingston Technology. According to a resolution passed by JMicron's board of directors on February 10, Kingston will purchase 1.5 million JMicron shares at NT$64 (US$2.21) each via private placement with a total transaction estimated at NT$96 million.

JMicron specializes in controller chips for solid-state drives (SSD). The company is also focused on controller chips for USB 3.0 storage devices.

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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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