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

[btarunr]

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.

View at TechPowerUp Main Site

 

[Caring1]

Wait... Lite On made SSDs?

 

[ShurikN]

Wait... Lite On made SSDs?

I was just saying this to myself as I was reading the title

 

[Flying Fish]

Lite On licensed the Plextor brand and sell SSDs under that branding.
So all Plextor SSDs over the last decade have basically been Lite On

 

[AsRock]

Plextor used to do awesome CD\R players, nothing special today.

 

[Slizzo]

Plextor used to do awesome CD\R players, nothing special today.

Yeah, if you wanted something that worked, and worked well you got a plextor. Mainly because they liked to use metal hardware where others were using plastic that failed over time.

 

[AsRock]

Yeah, if you wanted something that worked, and worked well you got a plextor. Mainly because they liked to use metal hardware where others were using plastic that failed over time.

Well a lot of their units could read the disks better than most.

 

[lemonadesoda]

When will koksia rebrand and get a decent pronounceable non-rude catchy name?

Well a lot of their units could read AND WRITE the disks better than most.

FIXED.

oh those days, where some drives could write CDs that only they could read. And all that +/- format fiasco, and overburning where some blanks and some drives could record more than 650MB but others couldnt, and burnable Audio CDs that cost a fortune because they had royalty fees added to the blank disks Sales price but it was STILL ILLEGAL to copy a commercial CD to those expensive audio CD writables.

 

[AsRock]

When will koksia rebrand and get a decent pronounceable non-rude catchy name?


FIXED.

oh those days, where some drives could write CDs that only they could read. And all that +/- format fiasco, and overburning where some blanks and some drives could record more than 650MB but others couldnt, and burnable Audio CDs that cost a fortune because they had royalty fees added to the blank disks Sales price but it was STILL ILLEGAL to copy a commercial CD to those expensive audio CD writables.

True, they could copy the hard copy's to which was great for backing up your games.