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Seagate acquires Samsung's Hard Drive Operations

Apr 19, 2011 5:18AM PDT

For those who may be interested -

Seagate lands Samsung's hard drive unit for $1.37 billion: It's duopoly time

Seagate has acquired Samsung Electronics' hard disk drive (HDD) operations for $1.37 billion in a move that boils the market down to two players. Seagate and Western Digital now control 90 percent of the HDD market with Toshiba a distant third.

Under the terms of the deal, Samsung will lump its HDD unit into Seagate in exchange for a cash and stock deal worth $1.375 billion. Samsung will own nearly 10 percent of Seagate and the two companies will cross-license patents. Samsung will also provide NAND flash memory for Seagate's solid-state drives. In addition, Seagate will supply drives for Samsung's PCs.

The two companies will also co-develop enterprise storage gear. Seagate and Samsung have had a joint development pact since August.
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More at the link.

Mark

Discussion is locked

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Re: Seagate acquires Samsung's Hard Drive Operations
Apr 22, 2011 1:11AM PDT

I'm not sure if that's a good or a bad development for the consumer.
Less choice in the hard drive market if it's only going to be a two-horse race when all the old stock has gone.
On the other hand, choosing a brand should be easier for us, but if they both prove to equally unreliable, what then?

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End game - SSD market
Jun 2, 2011 5:42AM PDT

Ahhhh! IMHO, It's the SSD market they want to lock into as Samsung provides as I know 1/2 of the SSD drives out there. They maybe known by other names, but the SSD market is clearly something that will blossom soon enough. Seagate was late to get on-board with SDD, but it seems they found the perfect solution. It's intel that's a clear oppostion to be the other player here in SSD. I wonder Hitatchi has to say, but IBM/Lenevo is more in thjat arena.

adaios -----Willy Happy

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Seagate lands Samsung's hard drive unit for $1.37 billion
Jan 26, 2012 8:24PM PST

I hope they will work best for consumer and will produce with updated technology.