Kingston Buying Multi-Million Dollar Stake in JMicron
Kingston Buying Multi-Million Dollar Stake in JMicron
Posted 02/11/2011 at 10:09am
| by Paul Lilly
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Kingston Technology, which focuses on memory products like RAM and solid state drives, is buying a NT$96 million (~US$3.3 million) stake in JMicron, DigiTimes reports. JMicron's board of directors approved the sale of 1.5 million shares to Kingston at around US$2.21 each. What's particularly interesting about this investment is that JMicron is one of the major players in the SSD controller market, as well as USB 3.0 storage devices, both of which are areas Kingston is active in.
Kingston uses JMicron controllers in its SSDs and reportedly accounted for nearly a third of JMicron's controller shipments in 2010. This investment/partnership, or whatever you want to call it, ensures that JMicron will remain a prominent player in the SSD space, at least on Kingston's end, at a time when most of the hype is focused on high-end SandForce and Barefoot Indilinx controllers.
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schneider1492
February 11, 2011 at 10:48pm
$1 USA = $29 New Taiwan Dollar. 1,500,000 X $2.21 = $3,315,000 X 29 = NT$97,129,480
nightkiller
February 11, 2011 at 10:21am
I didn't know that the American dollar had fallen so low relative to other currencies.
Don't you mean multi-million? Either that or the number of share or the share price is wrong.
iceman08
February 11, 2011 at 12:11pm
well, there is a comma between the 3's. Not sure if thats common or not
iceman08
February 11, 2011 at 12:11pm
well, there is a comma between the 3's. Not sure if thats common or not
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