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Kingston began manufacturing removable disk drive storage products in 1989 in their Kingston Storage Products Division. By 2000, it was decided to spin off the product line and become a sister company, StorCase Technology, Inc. [9] StorCase ceased operations in 2006 after selling the designs and rights to manufacture its products to competitor CRU-DataPort.
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 ]
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 ...
In this article, I’m going to take a look at KML Technology Group Limited’s (SEHK:8065) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed ...
Kingston Technology [15] United States No Yes, through stake in Kioxia: Yes No Yes, through stake in Kioxia: Kioxia [16] 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 [17] Taiwan No No ??? Lexar: United States and China No No Yes No No Lite-On [18] Taiwan ...
In November 2018, Kingston announced that the IronKey had new features and was now FIPS 140-2 Level 3 certified. [13] In early 2021, a reported 7,000 Bitcoin were stranded in a IronKey flash drive due to a forgotten password. The owner, Programmer Stefan Thomas, did not utilize the Enterprise Management Service for password recovery.
Transcend Information. Inc. was founded in 1988 by Mr. Chung-Won Shu, Peter, with its headquarters in Taipei, Taiwan. Today, Transcend has become a global brand of digital storage, multimedia and industrial products with 13 offices worldwide.