Toshiba Memory Holdings Corporation (TMHC) is buying LITE-ON's SSD business for $165m

guest · Sep 2, 2019

Toshiba Memory Holdings Corporation (TMHC) is buying LITE-ON's SSD business for $165m
September 2, 2019
https://www.theregister.co.uk/2019/09/02/toshiba_memory_holding_corp_slurps_liteons_ssd_biz/

Taiwan-based LITE-ON supplies optoelectronics, storage, semiconductors and other devices.
The company set up the SSD business in 2008 to design, develop and build the kit in-house and as of calendar Q1 ranked third globally for PCIe SSD revenues, according to Forward Insights.

Under the terms of the agreement, Toshiba will own the LITE-ON SSD brands and operations, assets including equipment, workers, intellectual property, technology, client and supplier relationships and inventories, and gets access to its channels. These include LITE-ON's relationships with PC suppliers such as Dell.

"[...] This is an exciting acquisition for us, as it positions us to meet the projected growth in demand for SSDs in PCs and data centres being driven by the increased use of cloud services."
The buy of LITE-ON, which already uses Toshiba 96-layer flash in its EP4 PCIe SSD, is expected to close by the first half of 2020 and is subject to the customary closing adjustments and regulatory approval.
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Toshiba Memory Holdings Corporation (TMHC) is buying LITE-ON's SSD business for $165m

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