Stories
Slash Boxes
Comments

SoylentNews is people

Kingston Sells HyperX Gaming Division to HP Inc. for $425M

posted by Fnord666 on Thursday February 25 2021, @07:02AM   Printer-friendly
Business

upstart writes in with an IRC submission:

Kingston Sells HyperX Gaming Division to HP Inc. for $425M:

Off the top, a news item Feb. 24 entitled "Kingston Technology to Sell HyperX Gaming Division to HP Inc." makes it look like HP Inc. is jumping headlong into the gaming business. While this is not exactly true, because HP has long been in that business, it is indicative of much more than that.

Indeed, Fountain Valley, Calif.-based Kingston Technology, a market leader in memory products and various technology solutions, announced the agreement to sell HyperX, its gaming division, to HP Inc. for $425 million in cash. The acquisition will help enable HP's strategy to drive growth in its Personal Systems business, where gaming and peripherals are highly profitable segments.

Kingston will retain its DRAM (dynamic RAM), flash and SSD (solid-state disk) products for gamers and enthusiasts. The acquisition is expected to close in calendar Q2 2021.

[...] "Both of our companies thrive because we focus on our employees and share the same core values and culture," John Tu, Kingston co-founder and CEO, said in a media advisory. "David Sun (Co-founder and COO) and I saw the possibilities for the HyperX business and its employees and we both realized that this change brings a brighter future for HyperX."

Also at The Verge, Engadget and AnanTech

Original Submission

This discussion has been archived. No new comments can be posted.
Kingston Sells HyperX Gaming Division to HP Inc. for $425M | Log In/Create an Account | Top | 4 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
(1)

  • (Score: 0) by Anonymous Coward on Thursday February 25 2021, @07:26AM (3 children)

    by Anonymous Coward on Thursday February 25 2021, @07:26AM (#1117178)

    The only thing I remember seeing is the HyperX RAM, and maybe a HyperX SSD. And they are retaining that.

    • (Score: 0) by Anonymous Coward on Thursday February 25 2021, @08:55AM (2 children)

      by Anonymous Coward on Thursday February 25 2021, @08:55AM (#1117188)

      I can vaguely recall kingston being relevant for cheap overclocked RAM in 2010's...

      What are HP buying here, exactly? Trademarks?

      On unrelated note..

      My hope, is that someday HP buy Oracle, and then get bought out by Doubleclick and someone drops a nuke on their headquarters when all senior leadershit are garthered there, lol

      • (Score: 2, Interesting) by Anonymous Coward on Thursday February 25 2021, @02:16PM

        by Anonymous Coward on Thursday February 25 2021, @02:16PM (#1117229)

        >> What are HP buying here, exactly?

        The ability to fuck up another acquisition.

      • (Score: 3, Insightful) by PartTimeZombie on Thursday February 25 2021, @10:27PM

        by PartTimeZombie (4827) on Thursday February 25 2021, @10:27PM (#1117381)

        The headline is wrong. It should read:

        Kingston sells Brooklyn Bridge to idiot

        HP have no clue what they do for a living any more.

(1)