The Partnership Starts with Growing the Chinese SSD Market
(2024-08-08) Santa Clara, CA USA– At the global trade show FMS 2024, flash memory companies BIWIN and FADU announced a Memorandum Of Understanding (MOU) detailing a strategic collaboration.
FADU, headquartered in Seoul, Republic of Korea and with a USA office in Silicon Valley, is a data center semiconductor specialist. BIWIN, headquartered in Shenzhen, China and with a USA office in Miami, is a leading flash memory company.
To formalize this collaboration, BIWIN and FADU were on stage at the FMS Theater at the 2024 edition of the Future of Memory and Storage (FMS), the world exhibition for the memory and storage industry held annually in Silicon Valley. The two companies signed a Memorandum of Understanding (MOU) to enhance their cooperation starting with the fast-growing Chinese enterprise SSD market.
Under this MOU, FADU and BIWIN will pursue comprehensive cooperation in the development and sales of enterprise SSD (eSSD) solutions for data centers. The main areas of collaboration include development, marketing, and sales of eSSD solutions targeting Chinese enterprises, including cloud, OEM, and ODM servers and storage, as well as the joint establishment of mass production and testing facilities for eSSD solutions in China. Beyond the Chinese market, the two companies will explore various cooperation opportunities in Asia and other markets where BIWIN is active.
BIWIN is a specialist in flash memory, offering a one-stop solution encompassing wafer packaging, R&D, design, testing, module production, and sales of semiconductor memory. Established in 2010, BIWIN has grown to become a leading storage device company, recently ranking 8th worldwide in embedded storage shipments. BIWIN’s product lineup includes enterprise and consumer SSDs, and memory products (for mobile phones, PCs, wearable devices, vehicles, and servers). With an integrated network covering production, sales, and logistics across North and South America and Asia, BIWIN leverages superior product competitiveness and top-tier localization services to expand its market share and brand influence in global storage markets as well as China.
According to global market research firm Mordor Intelligence, the Chinese SSD market is expected to grow at an average annual rate of 12.3% through 2029. FADU and BIWIN plan to establish a stable and continuous supply chain to solidify their position in the rapidly growing Chinese enterprise SSD market.
FADU announced, “The establishment of a strategic partnership with BIWIN is significant as it diversifies FADU’s export routes to include the Chinese market, in addition to our primary focus on the US market. We anticipate continuous supply expansion based on our partnership and aim to create new customers in key global markets, including the US, China, Asia, and Europe.”
BIWIN added, “The establishment of a strategic partnership with FADU will enable BIWIN to provide differentiated and leading enterprise storage solutions to our Chinese customers, further enhancing our enterprise solutions capabilities. As our company slogan states: Infinite Storage, Unlimited Solutions, we will continue to leverage our global resources and technology to deliver innovative solutions to our customers.”
Photo link: MOU Photos for Media
Press Contact
BIWIN: Lucy Chen, +1(305)-456-3288, mkt.hq@biwintech.com