Phison Electronics, which specializes in NAND flash controller designs, has announced that Kingston Technology will invest NT$658 million (US$20.23 million) through private placement to increase its share in the company to 6.5% from the current 2.4%.

It is the third time the US memory module maker has participated in Phison's private placement, with market observers speculating that both are looking to strengthen their collaboration in developing NAND flash-based products such as solid-state drives (SSDs). Phison currently is a major controller chip supplier for Kingston, according to the market observers.

Kingston will purchase a total of 5.6 million Phison shares at a unit price of NT$117.5, Phison said in a filing with the Taiwan Stock Exchange (TSE). Kingston in June 2008 subscribed to 1.2 million new shares issued by Phison at unit price of NT$128. In March 2009, Kingston joined another of the designer's private placement by acquiring 1.7 million new shares at NT$53.

By: DocMemory
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