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Kingston invests $50m in Elpida
To boost DDR, DDR II output
Kingston Technology has paid Elpida ¥6 billion ($50.24 million) in exchange for non-voting stock, though neither company would say how much of a stake Kingston now has in the memory chip maker.
As per the $100 million Intel invested in Elpida earlier this year, the Kingston cash injection will be used, in part, to boost DDR II production at Elpida's Hiroshima 300mm wafer fab. Some of the funds will be invested in 400MHz DDR production lines too.
In addition to cash from Intel and now Kingston, Elpida has received almost $430 million from other, unnamed sources, plus an extra $80 million from its parents, Hitachi and NEC. ®