Sunday, January 22, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Sues Qualcomm Over Patent Royalties
Sharp Establishes New Research and Development Center for Home Appliances in China
Samsung Seeks Arbitration Over LCD Supply Halt
Canon May Invest In Toshiba's Chip Business
Samsung To Explain What Caused The Galaxy Note 7's ban In Press Event
Nintendo's 'Fire Emblem Heroes' Smartphone Game features in-app Purchases
Fujifilm X-T20 Features New 24MP Sensor and 4K Video Capture
Samsung Begins Rollout of Android 7.0 Nougat
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > OCZ Tec...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, March 15, 2011
OCZ Technology Acquires Indilinx SSD Controller Maker


OCZ Technology today announced it has signed a definitive agreement to acquire Indilinx Co., Ltd, a privately held fabless provider of flash controller silicon and software for SSDs.

Indilinx is headquartered in South Korea and currently sells its line of flash controllers to SSD manufacturers and Tier One OEMs for use in a broad array of products addressing multiple markets, including embedded and industrial as well as laptops and PCs. Indilinx controllers have been deployed within OCZ's SSD products since December 2008, and are currently featured in the Z-Drive series of PCIe-based SSDs. Indilinx's technology is expected to enable OCZ to expand its presence into the embedded, hybrid storage, and industrial markets.

OCZ will gain substantial intellectual property from Indilinx including approximately 20 patents and patent applications related exclusively to the business as part of the transaction. For example, the acquisition is expected to extend OCZ's capabilities with advanced controller technology including Tinkerbell, a high performance eMMC 4.4 x controller that replaces SSDs in consumer electronic devices such as smartphones, tablet PCs, GPS units, and netbooks.

Following its acquisition by OCZ, Indilinx will continue to produce and supply its line of controller products to SSD manufacturers and OEMs on a global basis. The Indilinx controller business, and its 45 employees, will remain intact under the leadership of Bumsoo Kim, the founder and President of Indilinx, and Hyunmo Chung, Indilinx's Chief Technology Officer. OCZ will continue its own R&D program to develop new proprietary technologies and products to expand its own solid state drive offerings.

The Indilinx acquisition notwithstanding, OCZ plans to continue utilizing controllers from other manufacturers including long-term partner SandForce, who currently supplies SSD processors for a wide range of the Company's SSD products including the Vertex 2, Agility 2, RevoDrive, customizable Deneva enterprise drives, and the upcoming Vertex 3 family of SSDs.

"This transaction is an important step in OCZ's strategy and significantly enhances our ability to capitalize on the worldwide demand for Solid State Drives," said Ryan Petersen, CEO of OCZ Technology Group. "This combination brings together two organizations that are committed to advancing solid state drive design, and provides a unique opportunity for OCZ to increase both customer and shareholder value as well as expand our reach into embedded markets."

Under the terms of the agreement, OCZ will acquire Indilinx for approximately $32 million of OCZ common stock. Indilinx shareholders will own approximately 9.5% of the OCZ shares outstanding after issuance of the shares. The transaction has been approved by the board of directors of each company, and is expected to close within 30 days, subject to customary closing conditions, including regulatory approvals.


Previous
Next
Verizon And AT&T To Offer Free To Japan        All News        Intel Strengthens Its LTE IP With SySDSoft Acqusition
New ONFI Standard Pushes Data Transfer Speeds to 400 MB/sec     PC Parts News      Seagate Introduces new Goflex For Max External Drives

Get RSS feed Easy Print E-Mail this Message

Related News
Western Digital Introduces WD Black PCIe Solid State Drives
Lite-On Announces 3D NAND SSDs for the Enterprise at CES 2017
Plextor to Showcase 3D NAND and M8Se SSDs at CES 2017
CORSAIR Unveils Its Fastest Ever SSD range, the Force Series MP500 M.2 NVMe PCIe SSD
Lite-On's Uses NOR Flash In SSDs For Data Centers
Western Digital Introduces Enterprise-Class HDDs and SSDs, 14TB SMR HDDs On The Way
Micron Introduces The TLC-based 5100 Enterprise SSDs
ADATA SD700 External SSD Is Dust, Water and Shock Resistant
Plextor Releases Ultraportable EX1 Portable SSD
Quick Benchmarks With The Samsung NVMe M.2 960 PRO SSD
BIOSTAR Expands Storage Line-up with S100 Series SSDs
Western Digital Introduces WD Blue And WD Green SSDs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .