Lite-On and Tsinghua Unigroup Teams

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Lite-On, Tsinghua Unigroup team up to tap China storage market
Taiwan-based Lite-On Technology will team up with China’s Tsinghua Unigroup to jointly develop the China market for storage products such as SSDs, with the latter to invest $55 million in the former’s new subsidiary in Suzhou in a cooperative capital expansion pact signed December 12, according to a statement issued by Lite-On.