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Kingston buys stake in JMicron

Posted on Friday, February 11 2011 @ 19:03:42 CET by

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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