Data storage systems and methods for writing data into a memory component and reading data from the memory component are disclosed. By utilizing a high-speed data controller, the systems and methods transfer data at a fast data transfer rate. In one implementation, the memory component comprises a memory controller for managing data within the memory component. The memory controller comprises the high-speed data controller and a data manager. The data manager comprises a compression/decompression engine that compresses and decompresses data and a storage device interface.