$165 Million In A Flash
LITE-ON might not have been your go to company when grabbing a new SSD for your system, but they have been a player in the market for a decade now. They specialized in enterprise drives, as well as bulk orders of SSDs for companies such as Dell who have utilized LITE-ON SSDs for a while now. Toshiba has tendered an offer for this SSD division, to the tune of $165 million and are hoping to complete the deal next year. Part of the reason for the delay stems from the current state of the SSD market, which The Register reminds us is not in good shape.
LITE-ON utilized Toshiba’s 96 layer flash in their drives so there should not be much of an interruption in supply due to redesigning the drives. Along with the business comes a large share in a new fab in Suzhou, China, which will help secure their supplies of chips in the future.
Under the terms of the agreement, Toshiba will own the LITE-ON SSD brands and operations, assets including equipment, workers, intellectual property, technology, client and supplier relationships and inventories, and gets access to its channels.