13:22 uur 30-08-2019

Toshiba-geheugen verwerft de SSD-business van Taiwan’s LITE-ON Technologie

TOKIO-(BUSINESS WIRE)- Toshiba Memory Holdings Corporation, dat op 1 oktober 2019 zal worden omgedoopt tot Kioxia Holdings Corporation, kondigde vandaag aan dat het een definitieve overeenkomst heeft getekend met LITE-ON Technology Corporation voor de overname van haar Solid State Drive (SSD) activiteiten. De aankoopprijs is 165 miljoen US dollar; de transactie zal naar verwachting in de eerste helft van 2020 worden afgerond en is onderworpen aan de gebruikelijke sluitingsaanpassingen en goedkeuring van de toezichthouder.

LITE-ON is een in Taiwan gevestigde leverancier van opto-elektronica, opslag, halfgeleiders en andere apparaten. Toshiba Memory en LITE-ON delen het streven naar kwaliteit, innovatie en uitmuntendheid in de productie.

Toshiba Memory to Acquire the SSD Business of Taiwan’s LITE-ON Technology

TOKYO–(BUSINESS WIRE)– Toshiba Memory Holdings Corporation, which will rebrand as Kioxia Holdings Corporation on October 1, 2019, announced today that it has signed a definitive agreement with LITE-ON Technology Corporation to acquire its Solid State Drive (SSD) business. The purchase price is 165 million US dollars; the transaction is expected to close by the first half of 2020 and is subject to customary closing adjustments and regulatory approval.

LITE-ON is a Taiwan-based supplier of optoelectronics, storage, semiconductors and other devices. Toshiba Memory and LITE-ON share a commitment to quality, innovation and manufacturing excellence. With cultural synergies and LITE-ON’s proven experience in the SSD field for personal computers and data centers, Toshiba Memory sees this acquisition as a way to significantly strengthen its SSD business.

“LITE-ON’s Solid State Drive business is a natural and strategic fit with Toshiba Memory and expands our focus in the SSD industry,” said Nobuo Hayasaka, acting President and CEO of Toshiba Memory Holding Corporation. “This is an exciting acquisition for us, as it positions us to meet the projected growth in demand for SSDs in PCs and data centers being driven by the increased use of cloud services.”

Toshiba Memory will leverage LITE-ON’s leading innovations to enhance its leadership position in the SSD market.

About LITE-ON Technology Corporation

Founded: 1975

Headquarters: Taipei, Taiwan

Chairman: Raymond Soong

Revenues: NT$207.1 billion (FY2018)

About Toshiba Memory

Toshiba Memory Group, a world leader in memory solutions, is dedicated to the development, production and sale of flash memory and solid state drives (SSDs). In April 2017, Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Toshiba Memory pioneers cutting-edge memory solutions and services that enrich people’s lives and expand society’s horizons. The company’s innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, SSDs, automotive and data centers. Toshiba Memory will officially change its name to Kioxia on October 1, 2019. For more information on Toshiba Memory, please visit https://business.toshiba-memory.com/en-jp/.

Contacts

For More Information
Satoshi Ito

Weber Shandwick Japan

Phone: +81 (0)80 1078 1657

Email: SIto@webershandwick.com

Public Relations & Investor Relations

Toshiba Memory Holdings Corporation

Email: tmchq-tmchd-info@ml.toshiba.co.jp

Check out our twitter: @NewsNovumpr