Phison sells its stake in Kingston SolutionsАнна Saveliev
The joint venture will be fully Kingston Technology and will make the company the majority shareholder of KSI. After selling his shares of Phison will keep the focus on technology, research and
develop and provide Kingston support and service.
We will remind that the joint venture KSI was created by Phison and Kingston in 2010. The main objective was made by the acceleration of the implementation of eMMC (Embedded Multi-Media Card) that was possible thanks to the simplification
the design process and reduce product development cycle.
So KSI has used experience in production Phison controllers and operating experience of Kingston in developing solutions for memory. In the end, both companies got the opportunity faster
take their solutions to market.
Over the past 10 years, the industry and the joint venture participants have undergone a number of changes and grew up. The deal will not only give Kingston more flexibility in servicing customer base and will help to improve
alignment of resources between the KSI and the parent company Kingston Technology and ensure joint strategic planning.
Phison will have the opportunity to focus on the further development of its core technology and remain a long-term strategic partner of the Kingston – controllers are used in
many Kingston products, including SSD, USB drives and memory cards.
The amount of the transaction amounted to 1 640 781 000 Taiwan dollars (about 60 782 933 USD).
Phison Electronics Corp. specializiruetsya on solutions NAND Flash IC and data storage systems, and also provides services to design controllers, system integration and IP licensing.
In addition, the company is ready with solutions used through the interfaces SSD (PCIe/SATA/PATA), eMMC, UFS, SD, and USB.
Phison is on the Board of Directors of the SDA, ONFI, UFSA, is a member of JEDEC, PCI-SIG, MIPI, NVMe and IEEE-SA. It was founded in November 2000 in Hsinchu, Taiwan. By the end of 2019 state
had more than 1,800 employees, almost 80% of whom are engineers.
The company recently announced that it plans to acquire a 49% stake Nextorage, a subsidiary of Sony Storage Media Solutions (SSMS), however, the amount of the transaction were not disclosed.
The acquisition Nextorage can become part of the Phison partnership with Sony whose purpose is the development of the development is designed for Japan market high quality means of storing images.
Mergers and acquisitions