Material Information (8299 Phison)
SEQ_NO  1 Date of announcement  2022/01/05 Time of announcement  18:34:30
Subject
 Phison acquires Nextorage to strengthen
customized high-end storage market
Date of events   2022/01/05 To which item it meets paragraph 53
Statement
 
1.Date of occurrence of the event:2022/01/05
2.Company name:Phison Electronics Corporation
3.Relationship to the Company (please enter head office or
  subsidiaries):head office
4.Reciprocal shareholding ratios:No.
5.Name of the reporting media:Money Link
6.Content of the report:Phison (8299), a leading NAND
controller solution provider, announced today that
it has acquired 100% of Nextorage, a subsidiary of
Sony in Japan.
Formally entered the NAND storage market related to Japan's
automotive electronics,industrial control, and e-sports, and
it is also expected to receive Sony orders.
Phison has previously acquired approximately 49% of Nextorages
equity, and today announced the completion of the 100% acquisition.
And since January 2022, it has become a subsidiary of
Phison, which recognizes 100% of its revenue.
Phison Electronics Corp. acquired shares of its
joint-venture company Nextorage Corporation
from its joint-venture partner, Sony Storage Media Solutions Corporation
(SSMS, SSMS is a wholly-owned subsidiary of Sony Group Corporation).
7.Cause of occurrence:No.
8.Countermeasures:In response to the rising market demand for
next-generation, customized high-end storage,
Phison Electronics Corp. (Phison) acquired shares
of its joint-venture company Nextorage Corporation (the transaction
has been completed and Nextorage has become a subsidiary of
Phison Electronics on January 1, 2022) from its joint-venture partner,
Sony Storage Media Solutions Corporation (a wholly-owned
subsidiary of Sony Group Corporation).
The acquisition continues Phisons expansion into the customized
high-end storage market, including high-resolution image processing
systems, automotive electronics, e-sports and gaming systems,
factory automation, electronic medical equipment,
and industrial robots, etc.
Through the resources of local R&D engineers in Japan,
it serves nearby Japanese customers and continuously improves
service quality.
9.Any other matters that need to be specified:Media reports on
Phison's customer order status are speculation,
and Phison does not comment on any customers.