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Kioxia To Complete Acquisition Of Chubu Toshiba Engineering

RECENTLY ACQUIREDJun 01, 2022

Acquiring Company

Kioxia

Acquired Company

Chubu Toshiba Engineering

TokyoOtherManufacturingProfessional ServicesSoftwareMobileInternet ServicesTransportation

Description

Kioxia Holdings Corporation, the world leader in memory solutions, announced today that it completed the acquisition of Chubu Toshiba Engineering Corporation. The company entered into a share purchase agreement with Toshiba Digital Solutions Corporation (a subsidiary of Toshiba Corporation) on February 24, 2022, in connection with the acquisition to further strengthen Kioxia Group’s technology development capabilities.

Quick answer

Kioxia is acquiring Chubu Toshiba Engineering, announced June 1, 2022. Kioxia is based in Tokyo, Tokyo, Japan.

How much did Kioxia pay for Chubu Toshiba Engineering?
The deal value was not disclosed.
What does Kioxia do?
Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs).
Where are Kioxia and Chubu Toshiba Engineering based?
Kioxia is based in Tokyo, Tokyo, Japan.

Source: Fundz verified event record.

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Company Information

Company

Kioxia

Location

Tokyo, Tokyo, Japan

About

Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with memory by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, SSDs, automotive and data centers.

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Frequently asked

Who acquired Chubu Toshiba Engineering?

Chubu Toshiba Engineering was acquired by Kioxia, based in Tokyo. The deal was reported on June 1, 2022. Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). Kioxia is privately held and operates in Other.

When did Kioxia acquire Chubu Toshiba Engineering?

Kioxia's acquisition of Chubu Toshiba Engineering was reported on June 1, 2022. Kioxia Holdings Corporation, the world leader in memory solutions, announced today that it completed the acquisition of Chubu Toshiba Engineering Corporation. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Chubu Toshiba Engineering do?

Chubu Toshiba Engineering is the company acquired in this transaction. It is privately held.

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