Chipmaker SanDisk will purchase Utah-based Fusion-io for $1.1 billion, taking a big step into the business of supplying flash memory to enterprise data centers. The deal values Fusion-io at $11.25 per share, amounting to a 21 percent premium over its closing price on Friday.
What is a Fusion-IO drive?
The Fusion-io ioDrive memory tier is a NAND flash-based extension of the server memory hierarchy that offers persistent RAM-like performance with disk-drive-like capacities, all at a fraction of the cost of conventional RAM or SAN solutions.The Fusion-io ioDrive memory tier is a NAND flash-based extension of the server memory hierarchy that offers persistent RAM-like performance with disk-drivedisk-driveA hard disk drive (HDD), hard disk, hard drive, or fixed disk is an electro-mechanical data storage device that stores and retrieves digital data using magnetic storage and one or more rigid rapidly rotating platters coated with magnetic material.https://en.wikipedia.org › wiki › Hard_disk_driveHard disk drive - Wikipedia-like capacities, all at a fraction of the cost of conventional RAM or SAN solutions.