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Kingston buying Elpida and Toshiba memory inventory

Posted on Tuesday, November 29 2011 @ 18:54:07 CET by

DigiTimes reports Kingston is helping Elpida and Toshiba to reduce their excess memory chip inventory:
Kingston Technology reportedly will give a hand to its upstream chip providers Elpida Memory and Toshiba, both of which are struggling with excessive inventory. The dedicated memory module vendor plans to purchase chips on a large scale to help digest the suppliers' stockpiles by the end of 2011, according to industry sources.

Hynix Semiconductor is also among Kingston's suppliers that the module maker is looking to support through buying more of their chips, the sources said.

The sources described 2011 as a very difficult year for memory chipmakers, with many of them cash-strapped and looking for funding to survive. Kingston intends to assist its major chip partners to get through these difficult times, the sources observed.



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