Kingston Technology Hits $6.5 Billion In Revenues

Fountain Valley-based Kingston Technology, the provider of computer memory products, reported today that it has hit a record, $6.5 billion in revenues in 2010. The firm said the amount is the highest ever in company history, and was a $2.4 billion increase in its sales over 2009. The firm said the boost came from increased shipment volumes and a rise in average selling prices for its memory. The company is privately held, and was founded by John Tu and David Sun. Kingston said demand from both corporate customers and consumers was strong.