September 02 - 16:09
Toshiba Memory to buy Lite-On's SDD business
Toshiba Memory is forking out $165 million for Lite-On's Solid State Drive (SSD) business. Expected to close next April, the acquisition will allow Toshiba Memory - which is rebranding as Kioxia in October - to bolster its own SSD offering with Lite-On's expertise in personal computers and data centres. "Lite-On's solid state drive business is a natural and strategic fit," said its acting CEO.
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