Toshiba may acquire Lite-On storage business
According to recent reports, Lite-On may sell its storage business unit, and its potential buyer is Toshiba Memory Corporation (TMC).
Previously, TMC President Stacy Smith had revealed that M&A would be considered for the medium and long-term growth needs of the data center. At the time, Stacy Smith mentioned that there was a good opportunity for the acquisition, but he did not mention the target. According to industry analysis, Toshiba's target may be its important customer, Lite-On.
According to analysis, TMC is relatively weak in product design, by acquiring Lite-On's storage department, it can strengthen the design and assembly capabilities of its SSD products, helping Toshiba expand its SSD business and prepare for business opportunities in the data center field.