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Japan's Toshiba Acquires Taiwan's Lite-On Technology Corp SSD business

Toshiba Memory Holdings Corp is expected to earn more significant gains from its acquisition of Lite-On Technology Corp’s (solid state drive (SSD) business according to market researcher TrendForce.

The sale of its SSD business of Lite-On is worth US$165 million as it was announced by the company to be acquired by Toshiba. The transaction is expected to finish by April of 2020.

The acquisition includes everything from operations and assets to client and supplier relationships and will include to Toshiba’s highly complementary in terms of product lines and market positioning.

Toshiba Memory might benefit enormously from the deal if it formulates the right marketing strategy while establishing a clear division of labor and integrating the Taiwanese company’s R&D capabilities, according to TrendForce.

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