Flash chip and ROM manufacturer Macronix International has announced a collaborative research venture for enterprise SSD storage with IBM.
Macronix's board of directors approved a resolution to engage with IBM on developing SSD storage technologies and solutions for enterprise use, the Taiwan-based company said in its recent filing with the Taiwan Stock Exchange (TWSE).
The collaborative development plan will last three years, from December 31, 2023, to December 30, 2026, with R&D expenses and royalties paid, Macronix disclosed in the filing.
Macronix stated that this collaboration will enhance the company's technology and product competitiveness. Specific information regarding fees paid and royalties was excluded due to confidentiality.
Furthermore, Macronix's board of directors has already approved a capex expenditure of NT$511 million (US$16.6 million) for 2024, much lower than the levels set in 2023.
Macronix has already expressed concern about the market's anticipated recovery in 2024. End-market demand rebound may not be visible until the second half of the year, according to prior reports quoting company chairman Miin Wu. Macronix had planned to spend NT$9 billion on capex in 2023, but as the market slowed, the company reduced its capex to less than NT$8 billion.