Kingston Technology Co. has sold their Payton subsidiary to China’s Shenzhen Kaifa Technology Co. Ltd.

Financial terms of the deal were not disclosed, and the deal still needs approvals from the Chinese government. Kaifa will assume one-hundred-percent equity stake in Payton.

The deal will enable Payton to expand its horizons into wider areas for semiconductor packaging and testing as the computer industry continues to evolve. The agreement allows Payton to get its foot in the door in the Chinese market by attracting local customers and possible future capital injections. Both companies have stated their desire to continue working together in the future once the agreement is complete.

Kingston is memory products maker for computers & electronics. They design, manufacture, and distribute memory products such as USB drives, flash cards, solid-state drives, memory units, and wireless devices. Their technology can be used for desktop computers, laptops, servers, printer, Flash memory products, mobile phones, digital cameras, MP3 players, and PDAs.

Kingston has a global network of affiliates, spanning countries such as China, India, Australia, Canada, and most of Europe. Their reported revenue last year was $5.9 billion. The Fountain Valley, California-based company has been provided with back-end wafer processing and supply chain management services by Payton Shenzhen since 1999.

Forbes has listed Kingston as number 94 on the list of “500 Largest Private Companies in the United States” and number 48 on the “Top 500 Private Companies in the United States.” They are also listed as #1 in the Technology Hardware & Equipment category.

Others accolades and distinctions Kingston has achieved include the 2013 HIS iSuppli Applied Market Intelligence award as the world’s number one memory module manufacturer for the third-party memory market. In 2011, ranked them number four in total revenue, as well as number one in revenue in the computer hardware category.

Via our proprietary website ASAP Memory, ASAP Semiconductor is a leading distributor of Kingston products. Prospective customers can browse our inclusive inventory of hard-to-find obsolete and current Kingston parts at If you are interested in a part, please feel free to contact our knowledgeable sales staff at or 1-714-705-4780 for a quote.

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Kingston Technology Corporation is an American, privately held, multinational computer technology corporation that develops, manufactures, sells and supports flash memory products and other computer-related memory products. Their influence spans across the world with manufacturing and logistics facilities in the United States, United Kingdom, Ireland, Taiwan, and Mainland China. They are the largest independent producer of DRAM memory modules, owning 53% of the third-party worldwide DRAM module market share. Other feats include being the second largest supplier of flash memory and USB drives, fourth largest supplier of flash cards, and fifth largest in solid state drives. The company has shown consistent growth since its creation in 1987.

Starting as a company with just a single product, a memory module, Kingston entered the market to fulfill a severe shortage of surface mount memory chips. Since then, their sales skyrocketed to $1.3 billion in just 8 years (1995). Kingston has also shown impressive growth in the past few years as well. The company reports $3.7B in revenues for 2006, $4.5B in 2007, and $6.5B for 2010. Their ever increasing revenues can be attributed by their extensive product lines. Kingston supplies and manufactures memory for many different electronic products including computers, digital audio players, flash memory, gaming, mobile phones, printers, servers, and wireless storage products. With this extensive range of products, along with 4,000 employees, it is clear why Kingston is able to be the world's number-one memory module manufacturer for the third-party memory market for six consecutive years, the most recent being in November 2010. 

From its humble beginnings as a two man company in 1987 to one of the most common names in memory products in the world today, Kingston Technology Corporation continues to change the world in digital memory with its leading technologies and innovative products. ASAP Semiconductor, through our proprietary website ASAP Memory, strives to be a premier distributor and one-stop shop for all your Kingston Technology Corporation spare parts requirements. Regardless of the application, we can help you meet your procurement needs. Take a look at our parts capabilities on or contact us today at for a quote.

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