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It was another good year for Kingston Technology, the Fountain Valley-based memory storage manufacturer that Tu co-founded and continues to share ownership of. He also serves as chief executive. Another reported $14 billion in sales keeps the company’s valuation roughly the same as last year. Kingston was ranked No. 29 on Forbes’ Top Private Companies list in November. The company this year has continued to roll out its latest slates of storage hardware and security software. Tu, 84, resides in Rolling Hills. Full circle: Tu and fellow co-founder David Sun sold 80% of Kingston to Japan’s SoftBank for $1.5 billion in 1996. Three years later, they bought it back at a heavily discounted $450 million. Immigrant story: Tu’s family fled China during the Chinese Civil War and landed in Taiwan. Having immigrated to then-West Germany, he studied electrical engineering at Technische Universität Darmstadt (Technical University of Darmstadt) and moved to California by 1971. He then met Taiwanese immigrant Sun during a game of basketball.
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