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Why is Serial ATA being developed?

ATA serial
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Why is Serial ATA being developed?

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Serial ATA is scalable and will allow future enhancements to the computing platform. Parallel ATA has been a solid interface allowing performance scalability and reliable data tranmission but drive rates continue to climb and system designs continue to demand more flexibility and robustness from components. Serial ATA will allow the performance and growth to continue without adding costs and extra ordinary means to achieve the requirements.

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