KINGSTON TECHNOLOGY AMONG TOP 10 SEMICONDUCTOR CHIP BUYERS IN THE WORLD
- Kingston climbed to the top 10 for the first time since Gartner began its design total allocated market (TAM) research in 2007.
Chennai, July 26, 2019: Kingston Technology Company,
Inc., a world leader in memory products and technology solutions, today
announced it is among the top 10 list of semiconductor chip buyers
globally as determined by Gartner, Inc. Gartner studied the total allocated
market looking at total chip spending across many verticals including PC, data
center, smart phone, IoT (Internet of Things) and other applications. Kingston
is ranked number 8 having spent an estimated $7.84 billion (USD) for
2018, according to Gartner.
The increase is fuelled in part
because Kingston is a top memory manufacturer for many of the OEM and ODMs that
produce smart devices and Kingston continues to offer value and service in
these market segments. In 2018, Kingston produced over 14 trillion Megabytes of
memory across all product lines including DRAM, SSDs and embedded solutions, a
massive amount that reinforces its strength, position and importance in the
industry.
Gartner stated that chip spending
in recent years has been driven mainly by the growth in consumption of PCs and
smart phones. Leading OEMs in these areas gained more market share and
increased their chip buying power as a result. Gartner further predicts that
other growth markets will ignite future demand such as new business
opportunities in China focusing on Cloud servers and Internet of Things (IoT)
endpoints that will arise in and after 2022. With Kingston’s buying power,
global partnerships and manufacturing facilities located in China and the
Asia-Pacific region, Kingston is positioned to take full advantage of these
growth opportunities.
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Gartner Chart on the top 10 OEM chip spending
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“While server and system memory
continue to be the foundation of Kingston’s success, our strength over the past
15 years has been to diversify our product portfolio to address industry
changes and adapt to ever-evolving market needs,” said Craig Tilmont, director
of marketing, Kingston. “We are one of the top suppliers of SSDs in the channel
and have been supplying embedded memory solutions for almost a decade in
various industrial applications including medical devices, diagnostic equipment
and in-flight entertainment systems. Kingston memory solutions are also found
everywhere including consumer products such as fitness trackers, smart watches,
robotic vacuums and security video doorbells.”
