History (1992): Singapore Start-Up Myrica Buys Out Rodime

For about $7 million, a new company named Myrica in Singapore bought most of the assets of the defunct Scottish manufacturer Rodime.

Myrica has Taiwanese financial backing from a computer furniture manufacturer and a textile company.

Myrica bought the exclusive rights to Rodime’s technology, its Singapore facility, its R&D operations in Scotland, and the Boca Raton, FL, staff shifted to San Jose, CA.

The Singapore’s plant has continued to produce around 10,000 3.5-inch 100 and 200MB drives per month. Myrica plans to produce this year in Singapore a one-inch high 3.5- inch drive developed in San Jose with a 562MB capacity and another unit of 1.2GB in the regular 3.5-inch from factcor and sell them under its own name.

Additionally, Myrica plans to have a local plant in Taiwan and another one near Shangai, in China.

This article is an abstract of news published on the former paper version of Computer Data Storage Newsletter on issue ≠53, published on June 1992.