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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.

 

Kingston can be found on:

YouTube: http://www.youtube.com/kingstontechmemory

Facebook: http://www.facebook.com/kingstontechnologyeurope

Twitter: https://twitter.com/KingstonTech

Instagram: https://www.instagram.com/kingstontechnology

LinkedIn: http://www.linkedin.com/company/kingston  

 

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:  

   

Debbie Fowler 

Deborah D’Costa

Kingston Technology Europe Co LLP  

Zaboura Communications

07775 695 576 

+44203 588 0804

[email protected]

[email protected]



Antonio Yu

Phison

TEL: +886-37-586-896 #1019

[email protected]

Kingston can be found on:

YouTube: http://www.youtube.com/kingstontechmemory
Facebook: http://www.facebook.com/kingstontechnologyeurope
Twitter: http://twitter.com/kingstontech
LinkedIn: http://www.linkedin.com/company/kingston
Instagram: https://www.instagram.com/kingstontechnology

About Kingston Technology Company, Inc.

Kingston Technology Company, Inc. is the world’s largest independent manufacturer of memory products. Kingston designs, manufactures and distributes memory products for desktops, laptops, servers, printers, and Flash memory products for PDAs, mobile phones, digital cameras, and MP3 players. Through its global network of subsidiaries and affiliates, Kingston has manufacturing facilities in California, Taiwan, China and sales representatives in the United States, Europe, Russia, Turkey, Ukraine, Australia, India, Taiwan, China, and Latin America. For more information, please call +44 (0)1932 738888 or visit www.kingston.com

Kingston and the Kingston logo are registered trademarks of Kingston Technology Corporation. All rights reserved. All other marks may be the property of their respective titleholders.

Media Relations:

Kingston PR Team
Kingston Technology Europe Co LLP
+44 (0) 1932 738888
[email protected]

Maggie Zaboura
Zaboura Consultancy Ltd
+44 (0) 2072973371
[email protected]

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