# Phison to sell shares in Kingston Solutions joint venture to Kingston Technology

Phison will sell its shares in Kingston Solutions, Inc. (KSI), a joint venture with Kingston Technology, to Kingston. The transaction amounts to NT$1,781,640,000 and will make Kingston the majority shareholder.

- Type: Acquisition
- Announced: 2020-07-14
- Where: Fountain Valley, California, United States
- Value: $60.0M (1.78B TWD)
- Status: announced
- Products: eMMC embedded memory solutions
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Kingston Technology Corporation](https://endata.com/companies/27195.md) (acquirer)
- [Phison](https://endata.com/companies/48537.md) (target)
- [Kingston Solutions](https://endata.com/companies/48538.md) (target)

## Sources

- [kingston.com](https://www.kingston.com/en/company/press/article/58526), 2020-07-14: "This gives Kingston more flexibility to service its diverse customer base worldwide."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.