Phison to sell shares in joint venture to Kingston Technology – ZAWYA

Phison to sell shares in joint venture to Kingston Technology – ZAWYA

Phison to sell shares in joint venture to Kingston Technology | ZAWYA MENA Edition HomeArticlePhison to sell shares in joint venture to Kingston Technology Kingston Solutions, Inc. Formed in 2010 to Accelerate Embedded Memory Adoption    Dubai, UAE - 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