Memory deal worth up to $2.5 billion to Infineon

Infineon Technologies announced today that it has signed a long-term contract to supply DRAM memory products to Kingston Technology worth $2.5 billion in sales over five years.

Infineon Technologies and Kingston Technology today announced that they have signed a Long-Term Agreement (LTA) and a non-binding Memorandum of Understanding (MoU) to strengthen each company’s position in the worldwide memory products market.

Under the LTA, Infineon will supply Kingston with DRAM components, with potential cumulative revenue estimated at up to $2.5 billion over the next five years.

Infineon and Kingston are said to be expanding their existing longstanding business relationship to improve each company’s ability to supply memory components and modules to computer system manufacturers and after market customers.

In addition to the LTA, the companies have signed a MoU with the intention for Kingston to provide contract manufacturing and back-end engineering services to Infineon.