Guangbaoke announced yesterday (31) the transfer and sale of solid-state storage business unit to kioxia Holdings Corporation. Due to the impact of the epidemic situation, the relevant integration preparation work could not be completed as scheduled. After good faith negotiation between the buyer and the seller, it was decided to postpone the delivery base date from April 1 this year, which will be announced later when the delivery date is determined. The delay of delivery date has no adverse effect on the operation of solid storage enterprises.

Guangbaoke announced the transfer of solid storage business unit, and the transaction consideration was tentatively set at US $165 million in cash

On August 30 last year, the board of directors of guangbaoke approved the transfer and sale of the solid state storage business unit to kioxia Holdings Corporation. The business to be sold is the business and assets of the solid state storage business unit, including inventory, machinery and equipment, staff team, technology and intellectual property rights, customer supplier relationship. The transaction consideration is tentatively set at US $165 million in cash.

Guangbaoke storage business was established in 1995. In 2008, the business division established the solid-state storage division of personal computer, and in 2014, it set up the solid-state storage division of enterprise and cloud computing data center. The division is now the industry’s leading solid state drive development and manufacturer, providing highly customized solutions for corporate and PC customers, with well-known customers in the Americas, Europe and Asia.

According to Guangbao group, Guangbao group is actively transforming into cloud computing, LED lighting, automotive electronics, intelligent manufacturing, IOT and other fields, and continues to focus on core technology and competitiveness, optimize profitability and product portfolio, so as to improve the long-term interests of shareholders, customers and employees. (source: Taiwan Economic Daily)

Editor in charge: WV

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