JMicron Confirms Kingston Buying Stake in Company
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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 reportedly cut into the supply chain of Kingston SSDs with its controllers since the second half of 2010. JMicron’s SSD controller shipments for 2010 totaled more than one million units, with Kingston accounting for over 30% to the output, industry sources were quoted in previous reports as indicating.
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