# 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.

- Type: Acquisition
- Announced: 2019-08-30
- Where: TWN
- Value: $165.0M
- Status: announced
- Products: solid state drives
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Toshiba Memory Corporation](https://endata.com/companies/27192.md) (acquirer)
- [Lite-On Technology](https://endata.com/companies/29026.md) (target)

## Sources

- [semiconductor-digest.com](https://www.semiconductor-digest.com/toshiba-memory-to-acquire-the-ssd-business-of-taiwans-lite-on-technology/), 2019-08-30: "LITE-ON’s Solid State Drive business is a natural and strategic fit with Toshiba Memory and expands our focus in the SSD industry."
- [channel-e.de](https://www.channel-e.de/branchen-news/merger-acquisitions-2019/page-2), 2019-09-10: "Toshiba Memory (wird ab 1. Oktober 2019 in Kioxia umbenannt) übernimmt von Lite On Technology den Bereich der Solid-State-Laufwerke (SSD)"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.