MOSAID and NOVACHIPS Announce HLNAND SSD Controller Joint Development

OTTAWA, ONTARIO — (Marketwire) — 06/27/12 — MOSAID Technologies Inc. and NOVACHIPS Inc. of Korea today announced a joint development agreement to design and build an HLNAND (HyperLink NAND) Flash controller for SSDs (solid state drives) optimized for data center and other memory-intensive applications.Using a single HLNAND Flash controller, an HLSSD will support up to 8TB (terabytes) capacity with a SATA3 host interface. The HLNAND controller is scheduled for availability in mid-2013."T