Toshiba controlled 17.6% of the global market for NAND memory in 2018, but its share for solid state drives was under 10%, as indicated by IHS Markit. The company hopes to catch up with opponents like Samsung Electronics, which enjoys a share of more than 35% in both. The global market for solid state drives totals around billion. Inspite of flagging demand from data center servers, the market is predicted to enhance over the long term with the rise of artificial intelligence and 5G connections.
Toshiba Memory was spun off from the Toshiba group in June 2018 and is owned by a coalition that includes Bain Capital. It aspires to carryout a primary public offering by the end of the fiscal year in March. The holding company logged a net loss of 95.2 billion yen (6 million) for the April-June quarter.
'Solid state drives face less volatility in demand than NAND,' which is a commodity product, one analyst said. Stronger solid state drive operations inclined will help Toshiba Memory stabilize its gains. Lite-On's joint solid state drive venture with China's state-run Tsinghua Unigroup will not be part of the acquisition.
BR 29379 
US 5254 
AR 4121 
CN 2266 
EC 2063 
MY 1545 
AO 1219 
BD 1012 
