Kingston Technology Sells Chinese Supply Chain Management Subsidiary

Fountain Valley-based memory maker Kingston Technology said this morning that it has sold a Chinese subsidiary it owns, Payton Shenzhen Co., Ltd., to Shenzhen Kaifa Technology Co., Ltd.. Financial terms of the deal were not disclosed. Payton Shenzhen Co. provides back-end wafer processing and supply chain management for Kingston. Kingston said the deal will allow Payton to expand into wider areas of semiconductor test and manufacturing, and attract other local cusotmers for its services.