Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

Apple iPad Air 2 costs $275 to build

Apple iPad Air 2 costs $275 to build

IHS has told Recode that the Apple iPad Air 2 16GB Wifi costs only $275 to build -- not bad…

More...
LG sells 16.8 million smartphones in Q3 14

LG sells 16.8 million smartphones in Q3 14

As Samsung is losing market share, another Korean company, which many had written off, is gaining.

More...
LG G Watch R EU price set at €299

LG G Watch R EU price set at €299

LG G Watch R is probably the best looking Android Wear device on the market and many have been waiting for…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 19 April 2011 11:58

Seagate to buy Samsung HDD business

Written by


Confirms $1.37 billion deal
Seagate has officially announced a deal to acquire Samsung’s HDD business for $1.37 billion. Seagate will make half of the payment in cash, while the other half will be made in stock, which will give Samsung a 9.6 percent share in Seagate.

This is a rather interesting development, as Seagate will end up with a somewhat higher market share, while at the same time Samsung, a major producer of flash memory will end up with a sizable chunk of Seagate. Hence, under the deal Seagate will continue to supply Samsung’s ever growing needs for HDD storage, while Samsung will return the favor with flash supplies, so we can probably expect to see Seagate SSDs packed with Samsung chips in the future.

However, it will take some time before the deal is finalized and analysts expect it to be formally closed by the end of the year.

Western Digital will still remain the largest HDD maker on the market. Last month the outfit acquired Hitachi’s HDD business for $4.3, ensuring the top slot for years to come. As a result, the industry will end up with just three hard drive makers.

Toshiba is still soldiering on in third place and we can only guess whether it will choose to sell its hard drive business like Hitachi and Samsung. This would result in a new tech duopoly, much like the ones we have today in the CPU and GPU arena.

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments