eASIC Corporation, a provider of NEW ASIC devices today announced a
strategic investment by Seagate Technology (NASDAQ:STX). In addition to
the equity investment, eASIC and Seagate also are exploring
opportunities to jointly develop custom silicon solutions for Seagate’s
portfolio of Solid State Drives (SSD) that would combine Seagate’s
expertise in SSD with eASIC’s expertise in fast time-to-market, low-cost
and low-power custom silicon solutions.
As FLASH memory continues to evolve at a rapid pace from 2 bits per
cell, 1xnm (MLC) to 3 bits per cell 1xnm (TLC) and the industry
continues to adopt a wide variety of host interfaces such as PCI
Express, NVMe and SoP (SCSI over PCI Express), Seagate and eASIC seek to
deliver high-performance, low-cost and low-power SSD solutions for the
consumer, enterprise and cloud computing.
“eASIC has demonstrated innovative custom silicon technology with our
industry-leading solid state hybrid drives (SSHDs)”, said Rocky
Pimentel, chief sales and marketing officer at Seagate. “eASIC’s ability
to quickly develop custom differentiated solutions while meeting
stringent cost, power and performance requirements will enable us to
rapidly deliver storage solutions and improve our product position in
both SSD and SSHD’s.”
“We are extremely excited to be working with one of the world leaders in
storage technology,” said Ronnie Vasishta, President and CEO of eASIC.
“Seagate has an exceptional history in bringing world class technology
and innovation to the storage market. Using our eASIC Nextreme-3 28nm
single via configuration technology will help Seagate to bring storage
innovation at a pace not yet seen in this industry,” added Vasishta.
About eASIC
eASIC is a fabless semiconductor company offering breakthrough NEW ASIC
devices aimed at dramatically reducing the overall cost and
time-to-production of customized semiconductor devices. Low-cost,
high-performance and fast-turn ASIC and System-on-Chip designs are
enabled through patented technology utilizing Via-layer customizable
routing. This innovative fabric allows eASIC to offer a new generation
of ASICs with significantly lower up-front costs than traditional ASICs.
Forward Looking Statements
This press release contains forward-looking statements, including,
without limitation, statements related to eASIC’s future sales and
distribution of its NEW ASIC devices. Works such as “expects” and
similar expressions are intended to identify forward-looking statements.
These forward-looking statements are based upon eASIC’s current
expectations. Forward-looking statements involve risks and
uncertainties. The company’s actual results and the timing of events
could differ materially from those anticipated in such forward-looking
statements as a result of these risks and uncertainties, which include,
without limitation, economic conditions, customer business environment
and inventory levels, government and technological factors outside of
our control, adoption and roll-out of products, risks related to ability
to capitalize on growth opportunities and markets, risks related to our
ability to manage our growth and other risks that may cause our
business, industry, strategy or actual results to differ materially from
the forward-looking statements. eASIC expressly disclaims any obligation
or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein.
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