Samsung has announced the purchase of Santa Clara, California-based Nvelo, a developer of SSD technology.
The latter develops next-generation SSD storage solutions, as well as managing and optimizing the use of solid state drives within subsystems; it's a form of "SSD caching" and is used by consumers, as well as enterprises. SSD caching essentially increases the speed of obtaining data in a variety of devices such as smartphones and desktops from both hard drives and SSDs.
The details of the deal failed to divulge financial details. That said, Samsung did confirm that all of Nvelo's staff and the firm's technological developments will be handed over to its new parent company.
"The acquisition of Nvelo will enable us to extend our ability to provide SSD related storage solutions to customers. We are pleased with this transaction as the employees of Nvelo share our vision to take SSD storage into the next-generation of performance and reliability," said Young-Hyun Jun, executive vice president of Flash product & technology, Device Solutions, Samsung Electronics.
Responding to increasing demands, Samsung is said to be investing between $3 to 4 billion in an Austin, Texas-based plant to upgrade chip-making production line facilities.
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Anyone know how much IP NVelo had? I mean, for something like this, and for Samsung especially, the patent assets could be worth a lot more to them than the physical assets...Reply
Thats what the article is saying. Samsung bought the company because of the ips and engineers and shit in that company.Reply
"Responding to increasing demands, Samsung is said to be investing between $3 to 4 billion in an Austin, Texas-based plant to upgrade chip-making production line facilities."Reply
That in itself makes Samsung more American than a lot of local companies.
Nvelo's "SSD caching" systems utilized for speeding up retrieval of data in devices.hahahahahah when i made the cursor hover over the link, i read "SSD caching" (in quotes) and i knew this was Zak. No one else could possibly do such a dumb thing.
I remember when he wrote "Advanced Encryption Standard", stating it as if it's something new.
ojashahahahahah when i made the cursor hover over the link, i read "SSD caching" (in quotes) and i knew this was Zak. No one else could possibly do such a dumb thing.I remember when he wrote "Advanced Encryption Standard", stating it as if it's something new.Reply
Or perhaps Tom's quoting them... uh?
On a side note... "This enterprise ad is provided to you by Tom's" ... ¬¬
Zak, seriously. Stop stealing lines straight from other reports. You write for a major site, and you copy-paste from other major sites as if nobody will notice. It's embarrassing not only for you, but the tech news writing industry in general. Respect your field, please.Reply
Read this, then read the ZDNet post you aped this entire thing from: http://www.zdnet.com/samsung-acquires-storage-firm-nvelo-7000008878/