Phison to Sell Shares in Joint Venture to Kingston Technology
Kingston Solutions, Inc. Formed in 2010 to Accelerate Embedded Memory Adoption
Sunbury-on-Thames, UK – July 14, 2020 – Kingston Technology Europe Co LLP, an affiliate of Kingston Technology Company, Inc., a world leader in memory products and technology solutions, today announced Phison (TPEx:8299) will sell its shares in Kingston Solutions, Inc. (KSI), a joint venture with Kingston Technology Corporation, to Kingston. The transaction will enable Kingston to become the majority shareholder of KSI. Phison will continue to focus on technology and R & D; and, give Kingston the best-in-class support and service.
In 2010, Phison and Kingston formed KSI as a joint venture to accelerate the adoption of eMMC (Embedded Multi-Media Card) solutions by easing the design-in effort and speeding up the product design cycle. This allowed both companies to bring their products to market faster. KSI leveraged Phison’s expertise in controller technology with Kingston’s operational proficiency in memory solutions to quickly become a market leader in the embedded industry.
K.S Pua, CEO and chairman of Phison, said, “Kingston is not only a long-term partner of Phison, but also one of the key enablers of Phison’s growth, our relationship remains strong and will continue. We are selling our shares in KSI to Kingston so we can focus on further developing our core technology as well as better strategize our business goals. This JV between our two companies has been very successful and served its purpose to expedite market adoption of eMMC. Phison remains committed to providing the same excellent level of technical support to KSI and its embedded memory customers as before.”
“As the industry and our businesses have grown over the past 10 years, the timing is right for this transaction. This gives Kingston more flexibility to service its diverse customer base worldwide as well as allowing for better strategies and resources alignment between KSI and its parent company, Kingston Technology,” said Darwin Chen, chairman, Kingston Solutions, Inc. “Phison continues to be our long-term strategic technology partner as their controllers power many Kingston products including SSDs, USB drives and memory cards.”
The equity transaction amounted to NT$1,781,640,000.
For more information visit kingston.com.
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About Kingston Technology Europe Co LLP
Kingston Technology Europe Co LLP is an affiliate of Kingston Technology Company, Inc., the world’s largest independent manufacturer of memory products. Through its global network of subsidiaries, affiliates and manufacturing facilities, Kingston designs, manufactures, tests and distributes DRAM, Flash and Embedded memory solutions. Kingston has sales offices and representatives in the United States, Canada, Europe, Russia, Turkey, Ukraine, Australia, India, Taiwan, China, and Latin America. For more information, please call +44 (0)1932 738888 or visit https://www.kingston.com.
[About PHISON]
Phison Electronics Corp. (TPEX:8299) is a global leader in NAND Flash controller IC and storage solutions. We provide a variety of services from controller design, system integration, IP licensing to total turnkey solutions, covering applications across SSD (PCIe/SATA/PATA), eMMC, UFS, SD and USB interfaces, reaching out to consumer, industrial and enterprise markets. As an active member of industry associations, Phison is on the Board of Directors for SDA, ONFI, UFSA and a contributor for JEDEC, PCI-SIG, MIPI, NVMe and IEEE-SA.
To know more about Phison, please visit Phison Website or Phison Q&A for details.
Editor’s Note: For additional information, evaluation units or executive interviews information please contact Debbie Fowler, Kingston Technology Europe Co LLP, Kingston Court, Brooklands Close, Sunbury-on-Thames, TW16 7EP. Press images can be found in Kingston’s press room here.
Kingston and the Kingston logo are registered trademarks of Kingston Technology Corporation. IronKey is a registered trademark of Kingston Digital, Inc. All rights reserved. All trademarks are the property of their respective owners.
Media Relations:
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Debbie Fowler |
Deborah D’Costa |
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Kingston Technology Europe Co LLP |
Zaboura Communications |
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07775 695 576 |
+44203 588 0804 |
Antonio Yu
Phison
TEL: +886-37-586-896 #1019
Kingston can be found on:
About Kingston Technology Europe Co LLP
Kingston Technology Europe Co LLP and Kingston Technology Company, Inc., are part of the same corporate group (“Kingston”). Kingston is the world’s largest independent manufacturer of memory products. From big data, to laptops and PCs, to IoT-based devices like smart and wearable technology, to design-in and contract manufacturing, Kingston helps deliver the solutions used to live, work and play. The world’s largest PC makers and cloud-hosting companies depend on Kingston for their manufacturing needs, and our passion fuels the technology the world uses every day. We strive beyond our products to see the bigger picture, to meet the needs of our customers and offer solutions that make a difference. To learn more about how Kingston Is With You, visit Kingston.com.
Editor’s Note: For additional information, evaluation units or executive interviews information please contact Debbie Fowler, Kingston Technology Europe Co LLP, Kingston Court, Brooklands Close, Sunbury-on-Thames, TW16 7EP. Press images can be found in Kingston’s press room.
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Kingston and the Kingston logo are registered trademarks of Kingston Technology Corporation. IronKey is a registered trademark of Kingston Digital, Inc. Kingston FURY and the Kingston FURY logo are trademarks of Kingston Technology Corporation. All rights reserved. All trademarks are the property of their respective owners.
Media Relations:
EMEA PR Team
Kingston Technology Europe Co LLP
+44 (0) 1932 738888
[email protected]
Maggie Zaboura
Zaboura Consultancy Ltd
+44 (0) 2072973371
[email protected]