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Kingston Technology invests in packaging and testing house OSE
Kingston Technology announced that it will invest NT$184 million (US$5.51 million) in Taiwan-based packaging and testing house Orient Semiconductor Electronics (OSE) through private placement. The sum amounts to 8% of the shares that OSE plans to issue through private placement, and it would account for only a 1% stake in the packaging and testing house.
DK Tsai, chairman of both Kingston Technology Far East and Taiwan-based packaging and testing house Powertech Technology Incorporated (PTI), stressed that the memory module maker has no plans to shift orders from PTI to OSE. Tsai said that PTI is the first packaging and testing house that Kingston invested in Taiwan and that Kingston is not just an investor, but also a manager of PTI. The performance of PTI has a bearing on Kingston's reputation, and therefore Kingston will never do anything irresponsible to PTI, its investors and clients, Tsai insisted.
Posted by | Thu, May 17, 2007 - 08:09 AM
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