Related tags: Toshiba, Western Digital, HDD
Toshiba Corporation announced that it has entered into a definitive agreement with Western Digital Corporation on Toshiba's acquisition of certain of Western Digital's 3.5-inch HDD manufacturing equipment and related intellectual property, and the transfer to Western Digital of Toshiba Storage Device (Thailand). Toshiba's wholly-owned HDD manufacturing subsidiary located in Thailand.
Toshiba and Western Digital aim to complete the acquisition and transfer by March of this year after obtaining approval from the relevant authorities.
Under the agreement, Toshiba will acquire the following equipment and intellectual property from Western Digital. 1) Manufacturing equipment for 3.5-inch HDDs for use in desktop PCs and other consumer applications, plus related intellectual property; and 2) Manufacturing equipment for near-line HDDs for server applications.
Toshiba also has agreed to transfer to Western Digital its entire shareholding in TSDT.
Toshiba's acquisition of assets from Western Digital and the transfer of TSDT to Western Digital are subject to Western Digital's completion of its pending acquisition of Hitachi Global Storage Technologies and regulatory approvals from the relevant antitrust authorities.
The global market for HDD and other storage devices is expected to see sustained demand growth, driven by the continued diversification of devices requiring storage, including PCs, tablets and smartphones, and the explosive increase in data storage and archiving that will accompany cloud computing.
Toshiba acquired Fujitsu's HDD business in 2009, expanding its product portfolio of small form factor HDDs for mobile applications with Fujitsu's enterprise HDDs. Since then, the company has developed a line-up of storage products for enterprise applications. More recently, in July 2011 Toshiba unified the Semiconductor Company and the Storage Products Company, covering NAND flash memories, SSDs and HDDs, and is now positioned to carry out coordinated sales promotions to a wide range of customers.
The purchase of part of Western Digital's 3.5-inch HDD manufacturing equipment and with it the capability to produce 3.5-inch HDDs for desktop PCs, DVR and other consumer applications, will expand Toshiba's portfolio and enable the company to supply products covering all segments of the HDD market. It will also expand Toshiba's supply capacity in the market for near-line HDDs, which is expected to expand with the continuing growth of the server market, further reinforcing a strategic segment of the company's HDD business.
Toshiba will transfer the shares of TSDT to Western Digital and consolidate HDD production at its two HDD manufacturing facilities in the Philippines and a contract manufacturer in China. A key goal is to further enhance cost competitiveness by boosting manufacturing efficiency.
Following the reinforcement of its HDD businesses through this re-organization, Toshiba aims to establish itself as the leading provider of integrated storage solutions–the company that has all three key storage solutions: NAND flash, SSD and HDD.
ASUSTOR releases ADM 2.5 Beta
Real-Time Technology Group earns DHS Safety Act Designation
Grundig Security introduces entry level LED backlight monitor range for 16/7 operation
ZKAccess releases new multi-biometric finger vein and fingerprint access control reader
Global voice recognition biometrics market to grow at 22.15% annually from 2014 to 2019: report
Vigilant Technology and Agent Vi announce product integration
Global wireless video surveillance market to grow at 21.35% CAGR from 2014 to 2019
Partizan invites to FOR ARCH 2015, Czech Republic
Synectics to Showcase Surveillance Solutions at Offshore Europe
CTC Union Launches New Industrial Core Switches - ICS-G24S4X, ICS-G24S2X
Wide Temperature & EW-FL : Full IP65 Multi Touch Panel PC - Become The Best Helper Enterprises !!
Face Recognition, the perfect solution for Buhari Restaurant's franchise
Copyright © 2015. Messe Frankfurt New Era Business Media Ltd. All rights reserved.