Kingston Technology, the world's largest producer of memory modules, reportedly plans to build yet another memory module plant in Taiwan. Despite of the economic downturn, the company seems to be confident in its future and plans to make a rather substantial investment during global financial crisis.
 
In a bid to solicit foreign investment, Economic Minister Yiin Chii-ming visited David Sun, founder of Kingston, in the U.S. headquarters in September to convince the memory module leader to build its plant on the island, reports Taiwan Economic News. Confident of Taiwan`s brisk economy and its unparalleled influence on global sectors of semiconductor and DRAM manufacturing, Sun promised Yiin to site Kingston`s second fabrication plant of memory modules in Hsinchu County, northern Taiwan.
 
With global headquarters in Fountain Valley, California, Kingston employs more than 4,500 people worldwide. Founded in 1987 with a single product offering, Kingston now offers more than 2000 memory products that support nearly every device that uses memory, from computers, servers and printers to MP3 players, digital cameras and cell phones. In 2007, the company's sales exceeded $4.5 billion and the firm's market share was 27.5%, according to market tracker ISuppli.
 
Kingston plans to build the fab within the next two years. The company still has to officially commit to the project.

Tags: Kingston, Business