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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 38.04+1.6%Sep 17 4:00 PM EDT

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From: Elroy9/3/2019 2:47:20 AM
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I think Lite On was the rare module makers that does not use SIMO SSD controllers, but not really sure.

Toshiba Memory Holdings Corp. is buying LITE-ON’s SSD business for $165m.

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

LITE-ON is a Taiwan-based business supplying optoelectronics, storage, semiconductors and other devices. The company set up its LITE-ON Storage SBG SSD business in 2008 and designs, develops and makes SSDs in-house. The company uses Toshiba 96-layer flash in its EP4 PCIe SSD.

In May this year LITE-ON ranked third worldwide for PCIe SSD revenues as of the first quarter of 2019, as reported by Forward Insights.

Toshiba will own the LITE-ON SSD brands, operations, assets including equipment, workers, intellectual property, technology, client and supplier relationships and inventories, and gets access to its channels. These include LITE-ON’s relationships with PC suppliers such as Dell.
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