Lite, Ziguang Group jointly announced today that it will jointly invest 100 million US dollars to build an SSD solid state drive development and manufacturing plant in Suzhou, China.
According to the cooperation agreement, Purple will invest 55 million US dollars, accounting for 55% of the shares, assigned three board members , Lite then invested 45 million US dollars, accounting for 45% of the shares, assigned two board members.
The two sides will also each one, any co-CEO , Purple party responsible for business and product planning, market development, Lite one side is responsible for the supply chain and manufacturing.
The new plant will start construction in early 2018, completed in the fourth quarter and will generate revenue for Lite in 2019.
For the details of the factory, both sides disclosed little, but Lite stressed that it will not develop its own SSD master, and the general SSD factory can only take millions of dollars to win, the scale of 100 million US dollars so a bit too large , Speculation that in addition to factories, equipment, production lines will certainly be in the business development of a large investment.
It is unclear where the new factory will need to produce SSDs, where NAND flash comes from, but do not forget, Purple has plans to invest 30 billion US dollars in Nanjing to build its own DRAM memory, NAND flash memory factory, it does not rule out the purple light will supply the new factory for its own flash memory.
In addition, the purple status and customer groups rather special, and Lite Hing's ODM business is very large, You can guess the production of SSD, at least a large part of the supply to customers purple , Do not rule out part Pukete brand to the retail market.
Lite Xing SSD
