Breaking News

SAMA Launches Exclusive Amazon Prime Day Deals on Flagship PC Cases and AIO Cooler Lineup Transcend Launches Ultra-Fast PCIe Gen5 SSD MTE260S Power Your World with DJI's New Portable Power Station Power 2000 G.SKILL CAMM2 DDR5 Memory Module Demonstrates DDR5-10000 Overclock Speed on ASUS Z890 Motherboard JCB Phone Launches New Rugged Smartphone Range to Power Global Expansion

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Kioxia to Complete Acquisition of LITE-ON Technology’s SSD Business

Kioxia to Complete Acquisition of LITE-ON Technology’s SSD Business

Enterprise & IT Jun 30,2020 0

Kioxia to Complete Acquisition of LITE-ON Technology’s SSD Business

Tokyo, June 30, 2020 – Kioxia Holdings Corporation, the world leader in memory solutions, announced today that it expects to complete its acquisition of LITE-ON Technology Corporation’s Solid State Drive (SSD) business, Solid State Storage Technology Corporation and its affiliated companies on July 1, 2020. The company entered into a share purchase agreement on August 30, 2019 in connection with the acquisition. Both parties are now following the necessary procedures in order to close the transaction on July 1, 2020.

As the demand for SSDs continues to increase with rapid expansion expected in the coming years with the rise of digital transformation, this acquisition will allow Kioxia to strengthen its SSD business significantly and help meet the projected growth in demand.

“At Kioxia we are continuing to accelerate our focus on our SSD business, especially in the growing cloud computing arena,” said Nobuo Hayasaka, President and CEO of Kioxia Holding Corporation. “This is an exciting acquisition for us. Solid State Storage Technology Corporation’s excellent capabilities together with our leading flash memory and SSD technology will bring significant opportunities for synergy and enable us to further deliver value-added solutions to our customers. We will enhance our leading position in the global SSD market and work to develop new ICT infrastructure driven by AI, 5G, IoT and Cloud data centers.”

Kioxia plans to maintain Solid State Storage Technology Corporation’s business under its existing brands.

Tags: Kioxia
Previous Post
Microsoft releases Windows File Recovery tool
Next Post
Revolutionary PC Case Design with a New Look

Related Posts

  • Kioxia Broadens 8th Generation BiCS FLASH SSD Portfolio

  • KIOXIA Leads with Its Industry-Defining Breakthroughs and Technologies at COMPUTEX 2025

  • KIOXIA Announces First Enterprise NVMe SSD Built with 8th Generation BiCS FLASH TLC-Based Flash Memory Technology

  • Kioxia, AIO Core and Kyocera Announce Development of PCIe 5.0-Compatible Broadband Optical SSD for Next-Generation Green Data Centers

  • Kioxia Showcased Next-Generation Flash Memory and SSD Solutions to Enhance AI Applications at CFMS 2025

  • KIOXIA flash memory and SSD solutions empower AI applications at NVIDIA GTC 2025

  • KIOXIA Announces High-Capacity KIOXIA LC9 Series 122.88 TB NVMe SSD for AI Applications

  • KIOXIA and Sandisk unveil next-generation 3D flash memory technology achieving 4.8Gb/s NAND interface speed

Latest News

SAMA Launches Exclusive Amazon Prime Day Deals on Flagship PC Cases and AIO Cooler Lineup
Cooling Systems

SAMA Launches Exclusive Amazon Prime Day Deals on Flagship PC Cases and AIO Cooler Lineup

Transcend Launches Ultra-Fast PCIe Gen5 SSD MTE260S
PC components

Transcend Launches Ultra-Fast PCIe Gen5 SSD MTE260S

Power Your World with DJI's New Portable Power Station Power 2000
Consumer Electronics

Power Your World with DJI's New Portable Power Station Power 2000

G.SKILL CAMM2 DDR5 Memory Module Demonstrates DDR5-10000 Overclock Speed on ASUS Z890 Motherboard
PC components

G.SKILL CAMM2 DDR5 Memory Module Demonstrates DDR5-10000 Overclock Speed on ASUS Z890 Motherboard

JCB Phone Launches New Rugged Smartphone Range to Power Global Expansion
Smartphones

JCB Phone Launches New Rugged Smartphone Range to Power Global Expansion

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Noctua NH-D15 G2

Noctua NH-D15 G2

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed