South Korean memory giant Hynix has aquired Californian storage solution company Link A Media Devices (LAMD). This company develops system controllers for HDDs and SSD drives, mainly targeted at businesses. Since a while the company also develops controllers for consumer-level SSDs, their controller can be found in e.g. the recently announced Corsair Neutron SSDs.
Hynix on the other hand is the second largest memory manufacturer of world (after Samsung) and while they’re big, the profit margins on memory are under pressure. By purchasing LAMD, Hynix is able to offer complete Hynix memory based products, such as SSDs, USB flash memory etc. of which profit margins are much higher.