Longsys and Kingston announce the establishment of a joint venture to provide high-end embedded storage to Chinese customers

According to news from this site on December 1, on November 27, 2023, Shenzhen Longsys Electronics Co., Ltd. (hereinafter referred to as "Longsys") and Kingston Technology Corporation jointly signed a intention Sex Memo.

Both parties announced that they will give full play to their respective advantages and jointly invest in the establishment of a joint venture. Both parties hold 51% and 49% of the shares of the joint venture respectively. Specific arrangements will be made to fulfill various approval obligations and information disclosure obligations in accordance with regulations).

After the establishment of the joint venture, it will operate independently and have complete corporate governance and operating capabilities.

Provide Chinese customers with differentiated and diversified product solutions in the selection of high-end embedded storage products , forming complementary advantages with Longsys’ existing product solutions.

According to reports, the joint venture will independently carry out product planning, product research and development management, product supply chain management and product sales. Longsys will provide product research and development and technical solution support to the joint venture. At the same time, Kingston Technology will also provide support for the joint venture's core resource procurement and brand needs.

The joint venture will provide high-quality and high-end products to customers in mainland China. Value-added embedded storage products.

Longsys said that the signing of this memorandum demonstrates the strategic cooperation between the two parties in the embedded storage market in mainland China. The alliance between the two parties in terms of brand, technology and resources is conducive to jointly exploring the embedded storage market, serving Chinese customers well, and further expanding market share. It will also further deepen the cooperation between Longsys and Kingston Technology.

Note from this site: Longsys Electronics focuses on storage products and applications and has formed four major product lines: embedded storage, solid state drive (SSD), mobile storage and memory sticks.

owns the industry storage brand FORESEE and consumer storage brand Lexar.

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