Toshiba Memory sees ‘good chance’ of M&A in push for data centre business

Japan’s Toshiba Memory said there was a “good chance” for acquisitions as it pushes to increase its share of the market for advanced storage products used in data centres.

Toshiba Memory is the world’s No.2 maker of NAND flash memory chips after Samsung Electronics, but ranks third after Intel in flash-based solid state drives typically used in data centres, according to researcher IHS.

“One of the critical areas where we are focused on is the cloud service providers, data centre players,” Toshiba Memory Chairman Stacy Smith told Reuters. “We are very focused on growing our share in that space.”

“There is a good chance that Toshiba Memory will embark on M&A over time,” added Smith, former Intel Corp financial chief who joined the Japanese firm in October.