Western Digital acquires SiliconSystems for solid state drive technology

Western Digital acquires SiliconSystems for solid state drive technology

Western Digital has announced that they are acquiring solid-state drive maker SiliconSystems for $65 million.

This deal would help Western Digital expand their product offerings.

SiliconSystems was established in 2002 and they specialize in manufacturing SSD products for communications, industrial, embedded systems, medical, military, and aerospace applications.

Western Digital gets instant access to the growing netbook market with this deal. Netbooks mostly use solid state drives for storage as they are compact and less power hungry.

Western Digital President and CEO John Coyne said that they deal would help them become a major player in the growing SSD market.

They are renaming the company into a new division called WD Solid-State Storage business unit.