Seagate and DensBits Announce Joint Development of Low Cost SSDs
Seagate and DensBits Technologies (the inventor of the world’s first Memory Modem) have announced today a strategic agreement for the development of low-cost, high-performance Solid State Drives (SSDs) for the consumer and enterprise markets. In conjunction with the agreement, Seagate has made an undisclosed equity investment in DensBits. Under the agreement, DensBits Memory Modem controller technology will be integrated with Seagates various storage technologies to power a wide range of consumer and enterprise applications including 3 bits/cell (TLC) 1Xnm Flash-based consumer-grade SSD, and 2 bits/cell (MLC) 1Xnm Flash-based enterprise-grade SSD.
For the last 30 years, Seagate has delivered technology and product innovation to become the global leader in storage solutions, from high-end enterprise drives to solid-state hybrid drives, said Rocky Pimentel, Seagate chief sales and marketing officer. Seagate is excited to be working with the talented DensBits team and believes we have a significant opportunity with our new strategic relationship to extend our leadership into the SSD market.
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