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Winbond invests in EMLSI

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 Rs.71.47 crore ($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.

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 specialising 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 per cent owned U.S. subsidiary design centre in San Jose, CA.

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