SUNNYVALE, Calif.-Flash memory technology vendor Silicon Storage Technology Inc. announced it purchased privately held Actrans Systems Inc. for around $20 million in stock and cash. Actrans designs flash memory and EEPROM. SST said it will add Actrans’ split-gate NAND flash technology into its portfolio of products.
“As we have previously discussed, we continue to look at opportunities to expand our IP and deep sub-micron licensing business through acquisitions and partnerships,” said Bing Yeh, SST’s president and chief executive officer. “The acquisition of Actrans Systems is very strategic, as it complements our internal high-density data storage flash development effort and enables us to broaden our IP licensing portfolio to include NAND flash memory technologies. We believe Actrans’ proprietary split-gate NAND flash memory technology is an attractive solution that will blend nicely with SST’s extensive licensing business.”
SST’s Flash licensees include IBM Corp., Motorola Inc., Samsung Electronics Co. Ltd., Sanyo Electric Co. Ltd. and others.
