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Phison Electronics acquired shares of its joint-venture company Nextorage Corporation from Sony Storage Media Solutions (a Sony subsidiary). Nextorage focuses on customized high-end NAND storage for applications like automotive electronics and industrial robots.
“The acquisition continues Phison’s expansion into the customized high-end storage market, including high-resolution image processing systems, automotive electronics, e-sports and gaming systems, factory automation, electronic medical equipment, and industrial robots, etc.”phison.com
Summarized from public sources; check the original articles before acting on it.