What Mdevice does

Mdevice Co., Ltd. (엠디바이스 주식회사) is a South Korean semiconductor storage company that designs, manufactures, assembles, tests, sells, and distributes SSDs under the FASTRO brand, organized into three pillars: Enterprise SSDs (MP100 SATA III; MP400N, MP400I, MP400 PCIe Gen4 x4 in U.2 and M.2; MP500 PCIe Gen5 x4 in U.2, EDSFF E3.S, E1.S; plus legacy MS570 and MS670 data-center drives), Consumer SSDs (FASTRO MS050 through MS550 spanning SATA III to PCIe Gen5 M.2 NVMe), and BGA Storage (in-house 3D TLC NAND packaging in 132-ball FBGA and a SiP-integrated BGA SSD). The company is vertically integrated across circuit and PCB design, NAND packaging (V5/V6/V7 stacking), controller firmware, and 100% RDT reliability testing, with granted patents covering a proprietary CPU architecture (powering the 30.72TB-at-21W MP400), SSD electromagnetic shielding (US and China), and BGA packaging technology.

Mdevice generates revenue primarily through hardware sales of enterprise and consumer SSDs and NAND packaging components, with additional IMAGIN+ customization services for security-sensitive enterprise buyers. Pricing is quote-based, sold via direct enterprise sales ([email protected]) and channel partners — including fixed trading-partner registrations with Samsung Electronics Semiconductor and SK Hynix — with multi-year warranty-backed enterprise contracts (3–5 years) and annual supply agreements with German and Chinese customers. Consumer SSDs are distributed via AMAZON through a German A-partner. The customer base is split between enterprise data-center operators (web, streaming, application, cache servers), server OEMs and integrators (including China's #2 server vendor), embedded/rugged system OEMs (via BGA SSD), and consumer/prosumer PC buyers.

Founded in 2009 as Mega Electronics Co., Ltd. and rebranded to Mdevice Co., Ltd. in 2020/2024, the company is headquartered in Gwacheon-si, Gyeonggi-do, operates 11–50 employees, holds INNO-BIZ certification from Korea's SME Administration, has achieved the USD 10 Million Export Tower, and completed its KOSDAQ listing on 2025-08-14 under ticker 226590 with Samsung Securities as lead underwriter.

Name

Mdevice

Legal name

엠디바이스 주식회사 (Mdevice Co., Ltd.)

Website

https://mdevice.co.kr

Company type

Public

Founded year

2009

Operating status

Ipo

Headcount range

11–50 employees

Short description

Mdevice (KOSDAQ: 226590) is a South Korean vertically integrated SSD designer and manufacturer selling enterprise (PCIe Gen3/4/5), consumer (NVMe/SATA M.2), and BGA-packaged SSD and NAND storage products to data-center operators, server OEMs, and PC buyers via direct sales, Samsung/SK Hynix channels, and annual supply contracts in China and Germany.

Ownership category

akta.pro rank

Product category

Solid State Drives (SSDs)

NAICS

Computer Storage Device Manufacturing (334112), Computer and Peripheral Equipment Manufacturing (33411)

SIC

Computer Storage Devices (3572), Semiconductors & Related Devices (3674)

akta.pro primary industry

Internal Storage Devices (HDD & SSD) (HDACACAA)

akta.pro secondary industries

Internal Storage Components (SSD/HDD, M.2, controllers) (HDACAGAH), Storage Media & Components (HDD/SSD/Flash, Controllers) (HDABAEAM), Storage & Interface Controllers (SSD/NVMe/UFS/USB/PCIe) (HDAHABAG), Memory Modules & Subsystems (DIMM/SO-DIMM/HBM stacks) (HDAHAKAH)

Keywords

• Enterprise SSDs
• Data center storage
• Consumer NVMe SSDs
• BGA SSD packaging
• NAND flash memory

Headquarters

HQ city

Gyeongju

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Enterprise SSD sales: Sale of data-center PCIe/SATA enterprise SSDs (MP100, MP400I, MP400, MP400N, MP500, MS570, MS670) via direct sales and channel partners; backed by 3–5 year limited warranties.
2. Consumer SSD sales: Sale of consumer-grade NVMe/SATA SSDs under the FASTRO brand (MS050, MS150, MS200, MS300, MS400, MS450, MS550) for gaming PCs, laptops, and high-end consumer use, including online retail distribution via partners.
3. BGA SSD and NAND packaging sales: Sale of solder-down BGA-packaged NVMe SSDs and 3D TLC NAND Flash packages for embedded/rugged systems, leveraging in-house SiP packaging capability.
4. IMAGIN+ customization services: Customization services (e.g., IMAGIN+ for MP400) to align SSD solutions with customer-specific security standards and configurations, supporting enterprise deal closure.
5. NAND packaging design and manufacturing services: In-house 3D TLC NAND packaging design and manufacturing (V5/V6/V7 stacking, 132-ball FBGA) supplied as components to OEMs and channel partners.

Pricing tiers

Go-to-market motion5 records

Distribution channels6 records

Marketing channels5 records

Core offering

Mdevice designs, manufactures, assembles, tests, sells, and distributes solid-state drives under the FASTRO brand across three product pillars: enterprise SSDs (SATA and PCIe Gen3/4/5 NVMe in U.2, EDSFF, and M.2 form factors for data centers and server OEMs), consumer/prosumer SSDs (SATA and M.2 NVMe Gen3/4/5 for gaming PCs and laptops), and BGA storage (in-house 3D TLC NAND packaging services and SiP-integrated NVMe BGA SSDs for embedded/rugged systems).

Product overview

Mdevice (엠디바이스 주식회사, Mdevice Co., Ltd.) is a South Korean specialist in semiconductor-based storage systems, organized as a single FASTRO product family spanning three pillars: Enterprise SSDs, Consumer SSDs, and BGA Storage. The Enterprise SSD pillar includes the MP100 (SATA III), MP400N / MP400I / MP400 (PCIe Gen4 x4 in U.2 and M.2), and MP500 (PCIe Gen5 x4 in U.2, EDSFF E3.S and E1.S). The Consumer SSD pillar comprises the SATA III MS050 and the M.2 NVMe MS150, MS200, MS300, MS400, MS450 and MS550. The BGA Storage pillar supplies the in-house 3D TLC NAND FLASH package design & manufacturing service and the FASTRO BGA SSD (SiP-integrated single-package NVMe SSD). All offerings share Mdevice's vertically integrated in-house capabilities across circuit/PCB design, NAND packaging, controller firmware, and 100% RDT reliability testing under the FASTRO brand.

Differentiator

Problem solved

Functional benefit

Brands

• FASTRO: FASTRO is Mdevice's named product brand for its SSD product lines, including enterprise SSDs (MS570, MS670, MP100, MP400, MP400I, MP400N, MP500), consumer SSDs (MS050, MS150, MS200, MS300, MS400, MS450, MS550), BGA SSD, and NAND FLASH packages.

Products and services

• FASTRO MP100 Enterprise SATA III SSD Enterprise SATA III SSD (2.5-inch 7mm/15mm) with PCIe 4.0 1x4 / 2x2 dual-port support, capacity up to 30.72TB, designed for data-center server storage capacity.
• FASTRO MP400I Enterprise PCIe Gen4 x4 SSD (U.2 / M.2) Enterprise PCIe Gen4 x4 / NVMe 1.4 SSD available in U.2 and M.2 form factors, optimized for high consistency and excellent QoS under intensive read/write workloads in servers.
• FASTRO MP400 Enterprise PCIe Gen4 x4 U.2 SSD Enterprise-class PCIe Gen4 x4 U.2 SSD platform delivering up to 30.72TB at 21W using Mdevice's patented CPU architecture, compliant with FIPS-140 cryptographic-module standards and supported by the IMAGIN+ customization service.
• FASTRO MP400N Enterprise PCIe Gen4 x4 M.2 SSD Enterprise PCIe Gen4 x4 M.2 2280 SSD with single-port interface, capacity 480GB to 1.92TB, sequential read up to 6.0GB/s and sequential write up to 1.8GB/s, featuring 64 Namespaces, SECDED, Sanitize, and SMBus, backed by 3-year limited warranty.
• FASTRO MP500 Enterprise PCIe Gen5 x4 SSD (U.2 / E3.S / E1.S) Enterprise PCIe Gen5 x4 SSD offering both single-port and dual-port modes in U.2 2.5-inch, EDSFF E3.S, and EDSFF E1.S form factors, providing data-center-grade reliable and predictable performance.
• FASTRO MS670 Enterprise U.2 NVMe PCIe Gen4 x4 SSD Enterprise U.2 NVMe PCIe Gen4 x4 dual-port SSD in 1.92TB/3.84TB/7.68TB capacities, with up to 6,900MB/s read and 4,200MB/s write, featuring 128 Namespaces, TCG Opal 2.0, AES-XTS 256, PLP, NVMe-MI, and 5-year warranty.
• FASTRO MS570 Enterprise U.2 NVMe PCIe Gen3 x4 SSD Enterprise U.2 NVMe PCIe Gen3 x4 SSD in 7mm and 15mm form factors, 960GB/1.92TB/3.84TB, with up to 3,500MB/s sequential read, 28 Namespaces, TCG Opal 2.0, AES-XTS 256, PLP, and eDRIVE.
• FASTRO MS050 Consumer SATA III 2.5-inch SSD SATA III 2.5-inch 7mm consumer SSD with 3D TLC NAND Flash, sequential read up to 550MB/s and write up to 510MB/s, capacities 128GB/256GB/512GB/1TB/2TB, endurance 60TB to 1,000TB TBW.
• FASTRO MS150 Consumer M.2 NVMe PCIe Gen3 x4 DRAM-Less SSD M.2 NVMe PCIe Gen3 x4 DRAM-Less consumer SSD (M.2 2280), 512GB/1TB, with sequential read up to 2,400MB/s and write up to 1,800MB/s, 3D TLC NAND, endurance 300TB to 600TB TBW.
• FASTRO MS200 Consumer M.2 NVMe PCIe Gen3 x4 SSD with DRAM cache M.2 NVMe PCIe Gen3 x4 consumer SSD with DDR4 DRAM cache (M.2 2280), 1TB/2TB, with sequential read up to 3,400MB/s and write up to 2,900MB/s, 3D TLC NAND, endurance 300TB to 600TB TBW.
• FASTRO MS300 Consumer M.2 NVMe PCIe Gen4 x4 SSD

Quantifiable outcome

• MS670 sequential read up to 6,900 MB/s and sequential write up to 4,200 MB/s; random read up to 1,350K IOPS; random write up to 190K IOPS; up to 14,016 TBW (7.68TB) at 1 DWPD
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Samsung Electronics Semiconductor Division (삼성전자 반도체 대리점)coreChannel Partner/ Reseller/ Distributor · 1 January 2018Registered as a fixed trading partner (고정거래처) with Samsung Electronics' semiconductor division, securing access to Samsung NAND/semiconductor supply for SSD production.
• SK Hynix (SK하이닉스 대리점)coreChannel Partner/ Reseller/ Distributor · 1 January 2018Registered as a fixed trading partner (고정거래처) with SK Hynix, securing access to SK Hynix memory components for SSD manufacturing.
• Doosan Electronics (두산전자)minorChannel Partner/ Reseller/ Distributor · 1 January 2014Registered as a 1st-tier DAP (Direct Account Partner) vendor with Doosan Electronics, supporting component supply and channel access.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• ATP Electronics: ATP focuses on industrial/embedded NAND storage (BGA, M.2, U.2, industrial temperature) with firmware customization - directly comparable to Mdevice's BGA SSD and IMAGIN+ customization themes. Slightly narrower in consumer exposure.
• Biwin Storage Technology: Biwin is a China-headquartered emerging SSD and embedded memory specialist with BGA-packaged storage and consumer/industrial SSDs. Closely comparable in size, product mix, and target customer base (embedded OEMs plus consumer), making it a relevant regional peer for Mdevice.

Direct peers

• Innodisk: Innodisk specializes in industrial-grade and embedded SSDs and memory modules, with a strong focus on ruggedized and BGA-packaged storage. Directly comparable to Mdevice's BGA SSD and industrial-temperature product line serving embedded/IoT OEMs.
• Apacer Technology: Apacer is a Taiwanese SSD and memory module maker covering consumer, industrial, and embedded applications. Comparable in product breadth (NVMe/SATA client SSDs plus industrial/embedded drives) and in operating as a non-vertically-integrated specialist.
• Transcend Information: Transcend is a Taiwan-based SSD/memory specialist with overlapping consumer, industrial, and embedded SSD products. Closely comparable to Mdevice in scope (consumer M.2/SATA SSDs, industrial-temperature embedded drives) and target customer mix.
• Kingston Technology: Kingston is a leading independent SSD and memory module vendor spanning consumer (NVMe/SATA SSDs) and enterprise (DC-grade SSDs) with strong channel distribution. Directly comparable to Mdevice's FASTRO portfolio across consumer, enterprise, and embedded form factors.

Broad incumbents

• Kioxia: Kioxia is a top-3 NAND producer with the XD6/XD7 enterprise SSD lines and consumer BG/EXCERIA SSDs. Comparable enterprise/consumer portfolio to Mdevice, but with captive fabs and a much larger R&D base.
• Micron Technology: Micron's Storage Business Unit ships the 7450/7500/9550 enterprise NVMe SSDs and Crucial T-series consumer SSDs. Overlaps with Mdevice's enterprise PCIe Gen4/Gen5 and consumer NVMe product lines, backed by Micron's own NAND fabs.
• Samsung Electronics (Memory Division): Samsung Memory is the global NAND/SSD leader with PM9A3/PM1743 enterprise SSDs and 990/9100 Pro consumer SSDs. Overlaps with virtually all Mdevice SKUs while also being a key NAND supplier to Mdevice, making it both competitor and upstream partner.
• SK hynix (incl. Solidigm): SK hynix (with Solidigm) is a top-2 global NAND/SSD player offering enterprise PCIe Gen4/Gen5 SSDs and consumer NVMe drives. Directly overlaps Mdevice's enterprise and consumer roadmaps while also supplying NAND to Mdevice.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mdevice