Memory sales maintain growth

Kingston Technology has revealed that its sales for 2003 reached $1.8 billion - rising more than 10% year on year.

Kingston Technology has revealed that its sales for 2003 reached $1.8 billion - rising more than 10% year on year.

Over the past year, Kingston Technology placed greater emphasis on its ValueRAM, Digital Media and OEM divisions.

Sales exceeded expectations with each market segment performing exceptionally well.

The company also broadened its global production focus, revealing plans to increase its manufacturing capacity by expanding facilities in Shanghai, China.

The new manufacturing facility will be more than 18,500m2 and is expected to be ready in early 2005.

"By empowering employees to attain their goals and in developing close partnerships with key memory suppliers, we were able to introduce new levels of service and product quality to the memory market in 2003", said John Tu, President, Kingston Technology.

"Kingston Technology's philosophy is that people are the strength of the company.

This ensures Kingston Technology customers the best possible products and care - the proof is our success".

"With the growing need for more powerful personal computers and high-speed digital media, world demand for memory has skyrocketed.

Kingston Technology, a leading supplier, plays a vital role in the technology circles of the PC industry, serving as partners to the DRAM component manufacturers, distributors and resellers, PC OEMs and system integrators", said David Sun, cofounder, Kingston Technology.

Starting out with only two employees and $120,000 in annual sales for the first year, Kingston Technology has grown to over 2000 employees worldwide and over $1.8 billion in annual sales for 2003.

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