Toshiba Memory to acquire LITE-ON Technology's SSD business for $165M

Toshiba Memory Holdings Corporation signed a definitive agreement to acquire the Solid State Drive (SSD) business of Taiwan's LITE-ON Technology Corporation for $165 million. The transaction is expected to close by the first half of 2020.

“LITE-ON’s Solid State Drive business is a natural and strategic fit with Toshiba Memory and expands our focus in the SSD industry.”semiconductor-digest.com

• 2 sources
• semiconductor-digest.comToshiba Memory to Acquire the SSD Business of Taiwan’s LITE-ON Technology - Semiconductor DigestShannon DavisAug 30, 2019
• channel-e.deMerger & Acquisitions 2019 - Seite 2 von 4 | channel-eSep 10, 2019

Summarized from public sources; check the original articles before acting on it.