Solid State Storage Technology Corporation

The Solid State Storage Technology Corporation, subsidiary company KIOXIA Corporation, is the representative in the field of design, development and production of solutions for storages digital data.

History

2020: Completion of the transaction with Kioxia on acquisition of Solid State Storage Technology Corporation

On July 1, 2020 it became known that KIOXIA Holdings Corporation, the company in the field of solutions for memory, closed the deal on acquisition of Solid State Storage Technology Corporation — the business on production of solid state drives (SSD) belonging to Liteon-ONCorporation, and also its subsidiary companies. With respect thereto acquisition signed on August 30, 2019 the sale and purchase agreement of actions. For the beginning of July, 2020 both parties complete all necessary procedures to close the transaction.

As demand for solid state drives continues to grow thanks to digital transformation, this transaction will allow KIOXIA to strengthen considerably the direction on production of solid state drives and will help to meet the forecasted demand.

The KIOXIA company steadily pays much attention to the SSD direction, especially in the growing sphere of cloud computing — Nobuo Hayasaka, the president and the CEO of KIOXIA Holding Corporation says. — This transaction for us — good acquisition. Possibilities of Solid State Storage Technology Corporation together with our technologies in the field of production a flash memory and SSD will create synergy and will allow to provide to clients of the solution with added value. We will strengthen positions in the world market of solid state drives and we will work on creation of the updated ICT infrastructure for the systems of artificial intelligence, standard 5G, Internet of Things and cloud data processing centers".

KIOXIA is going to save the existing Solid State Storage Technology Corporation brands.