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OCZ strengthens its position in the SSD market

Things in the SSD world are being turned upside at a fast pace. We've gone from SSDs using wonky JMicron controllers, to today's stable of SandForce and Marvell controllers (in a strange twist, Intel is now using Marvell controllers for its latest SSDs).

Now there's another new development in the world of SSDs. OCZ just announced that it is acquiring Indilinx Co., Ltd, which is a fabless SSD controller provider. The purchase is being financed with $32 million in OCZ common stock.

"This transaction is an important step in OCZ's strategy and significantly enhances our ability to capitalize on the worldwide demand for Solid State Drives," said Ryan Petersen, CEO of OCZ Technology Group. "This combination brings together two organizations that are committed to advancing solid state drive design, and provides a unique opportunity for OCZ to increase both customer and shareholder value as well as expand our reach into embedded markets."

Earlier this year, OCZ announced that it would be abandoning its DRAM products -- a product line that arguably made a OCZ famous in the enthusiast community -- in order to go full-speed ahead with SSDs. At the time, Peterson noted that 78 percent of OCZ's revenue comes from its SSD products. The company also saw a 325 percent increase in revenue for its SSD business for Q3 2011 compared to Q3 2010.





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