Elpida announced the deal at the end of last week. It will issue over six million shares to Kingston and when the transaction is complete, Kingston will end up owning 4.79 percent of Elpida.
Elpida had originally attempted to grab money from government sponsored Taiwan Innovative Memory Company (TIMC) but that firm, intended to bale out memory companies, has failed to gain the approval of lawmakers in Taiwan.
Memory companies are going through a right royal boom at the moment, aided by the introduction of 64-bit Windows 7. They face, however, a problem with capacity as time goes on because during the misery years for the Dramurai, they were barely able to claw back the cost of making memory.