Seagate makes Equity Investment in DensBits
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Seagate and DensBits have announced 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 Seagate's 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. Rocky Pimentel, Chief Sales & Marketing Officer, Seagate, said, "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. Seagate is excited to be working with the talented D...