Japanese memory solutions company, Kioxia Holdings Corporation completes the acquisition of Chubu Toshiba Engineering Corporation. In connection with the acquisition to further strengthen Kioxia Group’s technology development capabilities, Kioxia entered into a share purchase agreement with Toshiba Digital Solutions Corporation (a subsidiary of Toshiba Corporation) on February 24, 2022’
As per the deal, Toshiba Engineering Corporation’s highly experienced engineering team and enabling cost efficiencies will add more power to Kioxia. The acquisition will enhance Kioxia’s technology development capabilities and help deliver synergies across the design, operation and production of its manufacturing plants.
According to the deal, Chuba Toshiba Engineering Corporation will operate as a wholly-owned subsidiary of Kioxia Corporation under the name of Kioxia Engineering Corporation.
