Phison Invests In Sony Storage Daughter

Phison Invests In Sony Storage Daughter

According to DigiTimes, a Taiwanese manufacturer of flash memory controllers, Phison Electronics is about to buy a 49% stake in Nextorage. The latter is a subsidiary of Sony Storage Media Solutions (SSMS), formed in October 2019.

The amount of the transaction was not disclosed. Citing Phison representatives, the source indicates that Nextorage will be part of Phison’s partnership with Sony to develop high-quality image storage products for the Japanese market. The deal will take place against the backdrop of a growing market for digital images created by users, as well as growing demand from those who shoot video for online services, including YouTube.

“This is a long-term win-win collaboration model that Phison adheres to.”– This is how the Taiwanese manufacturer describes the deal. – The SSMS team will lead the work and strategic direction of Nextorage, while Phison supports technology development and system integration. ”.

As is usually the case in such cases, Phison’s planned investment in Nextorage must first be agreed with the regulatory authorities.

By the way, network analysts argue that the 12-channel SSD controller for the next-generation PlayStation 5 game console was most likely developed by Phison.

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