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Winbond invests in Korean fabless memory firm

Posted: 05 Dec 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Windbond? memory devices? memory device? memory chips? memory IC?

Winbond Electronics Corp. announced that it invested $15.7 million in Korean fabless memory firm Emerging Memory & Logic Solution Inc. (EMLSI), via its overseas subsidiary and received one seat on EMLSI's Board of Directors.

According to the press release, Winbond's investment in the Korean firm essentially aims at the complementary synergy between product design and customer base. The company also expects that the investment will reinforce the cooperation of both companies, and strengthen Winbond's capability in product design and furthermore expend Winbond's strategic advantage in the Mobile RAM market.

In addition, the company plans to continuously strengthen its research and development capabilities in mobile RAM products in order to consolidate its competitiveness in the market. This investment is expected to expand market share for both companies, and provide more complete product solutions to customers.

EMLSI is a fabless company specializing in mobile memory solutions. Founded in 2000 and became public in 2005 in KOSDAQ, EMLSI has headquarters in Jeju, Korea. EMLSI has recently established EMLS America Inc., a 100 percent owned U.S. subsidiary design center in San Jose, CA.

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