The firm has also provided its engineering services to Kioxia Corporation in the past
Japanese computer memory maker Kioxia Holdings Corporation has entered into a definitive agreement with Toshiba Digital Solutions Corporation to acquire all of the outstanding shares of its subsidiary, Chubu Toshiba Engineering (CTE) Corporation.
This acquisition will help Kioxia strengthen its technology development capabilities. It is set to be completed in the first half of 2022, following completion of the necessary procedures.
CTE is involved in semiconductor manufacturing technologies, specializing in semiconductor related hardware and software design, prototyping and evaluation, covering areas from development to mass production.
Integrating CTE brings in-house highly experienced engineering talent in semiconductor development while enabling cost efficiencies which together will improve enterprise value, Kioxia said in a statement.
The acquisition will enhance Kioxia’s technology development capabilities, as well as deliver synergies across the design, operation, and production of its manufacturing plants, it added.
The firm has also provided its engineering services to Kioxia Corporation in the past.
