Tuesday, December 20, 2011

Icy News: Seagate Completes Acquisition of Samsung HDD

"Retaining certain HDDs under Samsung brand name for 12 months, maintaining or establishing a number of independent operations
Seagate Technology PLC announced the closing of the transaction to acquire the HDD business of Samsung Electronics Co., Ltd.

Under the terms of the transaction, Seagate has gained select elements of Samsung's HDD business, including assets, infrastructure and employees that enable Seagate to drive scale and innovation. These assets include Samsung's leading M8 product line of high-capacity, 2.5-inch HDDs. 

Samsung employees joining Seagate include a number of senior managers and design-engineering employees from Samsung's Korea facility, who will focus on development of small form-factor products for the mobile compute market. 
N.Y. Park, senior vice president and general manager, will oversee Seagate's product development activities in Korea and serve as country manager of the Korea design center, reporting to Bob Whitmore, Seagate's executive vice president and CTO..." - via Storagenewsletter

It seems that the marriage between Samsung and Seagate is official now. This may be good for Seagate, as they are affected by the Thailand flood, among other hard drive manufacturers. Samsung's hard drive business was selling very well, with their Spinpoint line. Hopefully, the buyout will also lead Seagate to produce even higher quality hard drives. Let us know what you think!

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