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Toshiba Memory to Acquire Lite-On’s SSD Business: Gains IP, R&D, Manufacturing Ops

AnandTech | Anton Shilov
September 3, 2019 8:00 AM EST

Toshiba Memory, which is set to rebrand as Kioxia Holdings this October, has signed a definitive agreement to acquire SSD business of Lite-On Technology Corp. The decision will enable Toshiba to produce its own SSDs using proven IP, technologies, and product lines.

While Lite-On is primarily known for its SSDs as well as optical disc drives, the company produces a wide range of products for major PC makers, including Dell and Lenovo. Despite the fact that Lite-On is the world’s No. 3 supplier of enterprise and datacenter NVMe drives with a 7% market share (according to Forward Insights), SSD business is not the main source of revenue that Lite-On has.

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