Litigation Announcement
Phison Electronics Corporation (“COMPANY”) announced today that the COMPANY has filed litigation in Sao Paulo court in Brazil against U-TECH DO BRASIL INDÚSTRIA, IMPORTAÇÃO, EXPORTAÇÃO E DISTRIBUIÇÃO LTDA. (“U-TECH”) and its legal representative and guarantor Mr. Daniel Modelis (“Mr. Modelis”), claiming that U-TECH together with Mr. Modelis return overdue payment and reimburse other remedies to the COMPANY.
Phison Electronics is a global leader in NAND flash controllers and storage solutions, powering more than one in every five SSDs shipped worldwide. Phison has grown into a multi-billion-dollar company with over 4,500 employees—70% of which are dedicated to R&D – and more than 2,000 patents. The company’s innovations include aiDAPTIV+, an award-winning AI solution for affordable LLM training and inferencing on-premises, and Pascari, a portfolio of ultra-high-performance enterprise SSDs purpose-built for data-intensive workloads across AI, cloud, and hyperscale data centers.
PHISON Spokesperson
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