Product category:
Memory Devices and Modules
News Release from: Kingston Technology
Edited by the Electronicstalk Editorial
Team on 08 March 2005
Kingston bursts through $2 billion
turnover
Kingston Technology has revealed that its total 2004 revenue increased by 38%, year over year, to $2.45 billion, marking the highest revenue figure the company has achieved since its founding in 1987.
Kingston Technology has revealed that its total 2004 revenue increased by 38%, year over year, to $2.45 billion, marking the highest revenue figure the company has achieved since its founding in 1987 "Going beyond our estimated $2 billion for 2004 is outstanding", said John Tu, cofounder, Kingston Technology
This article was originally published on Electronicstalk on 28 Jan 2004 at 8.00am (UK)
Related stories
Compact cards provide speedy secure storage
The newly released 128Mbyte and 256Mbyte Elite Pro Hi-Speed SecureDigital (SD) cards represent the latest generation of high-capacity small-form-factor digital storage devices.
Faster clocking for DDR modules
Kingston Technology is marking the first anniversary of its HyperX memory product line with the launch of the HyperX DDR 533MHz (PC4300) memory modules.
"We've held true to our philosophy of empowering employees to do their best - and this in turn has supported our close partnerships with memory suppliers and customers".
"I'm honoured that our commitment to providing the highest levels of product quality and service is being so richly rewarded", continued Tu.
After exceeding the first $1 billion mark in 1995, Kingston Technology was on track to reach its first $2 billion in sales for 2004.
Excelling beyond original expectations, Kingston Technology finished 2004 at $2.45 billion.
This is attributable to performance increases in several key business areas as well as greater attention focused on newly developing memory market segments and accelerated global production expansion.
Over the past year, Kingston Technology placed greater emphasis on its digital media products, and the line has experienced exceptional growth, with year-over-year revenue up almost 350%.
Both the ValueRAM product line of industry-standard memory and Kingston Technology PC OEM business have outperformed estimated sales and Kingston Technology's HyperX brand of memory has made significant strides in the high-performance gaming market.
With facilities in the USA, China, Malaysia and Taiwan, Kingston Technology's worldwide manufacturing has been steadily expanding, particularly in Shanghai, China, where plans are on track to open a new 24,000m2 facility this year.
This translates into a 300% increase in manufacturing facilities in China.
Since the company's founding, Kingston Technology has maintained a reputation for quality and expertise in the memory industry, and cites its strong relationships with employees, vendors and customers as key to its success.
"Our business is about relationships", said David Sun, cofounder, Kingston Technology.
"We have grown into the memory company we are today as a direct result of our people, partners and customers", added Sun.
Starting out with only two employees and $120,000 in annual sales its first year, Kingston Technology has grown to over 2000 employees worldwide.
• Kingston Technology: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• Electronicstalk Home Page
Search the Pro-Talk network of sites
