Feeds

Kingston invests $50m in Elpida

To boost DDR, DDR II output

  • alert
  • submit to reddit

Kingston Technology has paid Elpida ¥6 billion ($50.24 million) in exchange for non-voting stock, though neither company would say how much of a stake Kingston now has in the memory chip maker.

As per the $100 million Intel invested in Elpida earlier this year, the Kingston cash injection will be used, in part, to boost DDR II production at Elpida's Hiroshima 300mm wafer fab. Some of the funds will be invested in 400MHz DDR production lines too.

In addition to cash from Intel and now Kingston, Elpida has received almost $430 million from other, unnamed sources, plus an extra $80 million from its parents, Hitachi and NEC. ®

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.