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Kingston Technology was founded on October 17, 1987, in response to a severe shortage of 1Mbit surface-mount memory chips, [5] Taiwanese immigrant John Tu designed a new single in-line memory module (SIMM) that used readily available, older-technology through-hole components. In 1990 the company branched out into its first non-memory product ...
In 1986, they sold it for $6 million. They then lost most their money in the 1987 stock market crash and founded Kingston Technology later that same year. [3] In 1996, they sold 80 percent of the company to Softbank for $1.5 billion, before buying it back in 1999 for $450 million. [3] [5]
David Sun (Chinese: 孫大衛; pinyin: Sūn Dàwèi; born 12 October 1951) [1] is a Taiwanese-American billionaire businessman, co-founder (with John Tu) and COO of Kingston Technology. Early life [ edit ]
Kingston Technology [16] United States No Yes, through stake in Kioxia: Yes No Yes, through stake in Kioxia: Kioxia [17] Japan No Yes, but through Flash Forward, [5] a joint venture between SanDisk and itself. Yes No Yes Lenovo: China No No Yes No No Leven [18] Taiwan No No ??? Lexar: United States and China No No Yes No No Lite-On [19] Taiwan ...
In another highly publicized investment, SoftBank bought 80% of memory manufacturers Kingston Technology in 1996. When the owners-founders (John Tu and David Sun) announced plans to distribute $100,000,000 of the $1.5B windfall to Kingston employees, it created a very high-profile media stir that lasted well through the 1996 Christmas season ...
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