Wednesday, March 29, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
New Intel Xeon Processor E3-1200 v6 Product Family Targets Pros
Google Assistant Is Coming To More Connected Devices
Self-assembly Technique Could Solve Miniaturization Chip Making Issues
Prepare For Battle GeForce GTX Bundle Includes For Honor or Tom Clancy's Ghost Recon Wildlands Games
VIZIO's 2017 D-Series Smart TV Collection Includes 4K Ultra HD Support in Select Models
Facebook Attacks Snapchat With New Camera Features
China Tech Giant Tencent Buys 5 Percent Stake In Tesla
Hyundai Motor To Develop Its Own Automotive Chips
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, February 29, 2012
Toshiba To Buy HDD Manufacturing Equipment and Facility From Western Digital


Toshiba will acquire Western Digital's 3.5-inch HDD manufacturing equipment and related intellectual property. In addition, the Japanese company will transfer to Western Digital an HDD manufacturing subsidiary located in Thailand.

The transactions are essential in order WD to close the purchase of Hitachi's hard disk drive business (HGST) for $4.3 billion. Last November, Western Digital secured conditional approval from the European Union's competition regulator to purchase Hitachi's hard disk drive business. However, the approval was conditional upon the divestment of essential production assets for 3.5-inch hard disk drives (HDD), including a production plant, and accompanying measures.

The asset package covered by today's agreement will enable Toshiba to manufacture and sell 3.5-inch hard drives for the desktop and consumer electronics markets and will enhance its ability to manufacture and sell 3.5-inch hard drives for near-line (business critical) applications.

WD also reported that it has agreed, subject to completion of the divestiture transaction, to purchase Toshiba Storage Device (Thailand) Company Limited (TSDT). TSDT manufactured hard drives but has not resumed operations after the recent Thailand flooding. The principal assets of TSDT are its Thailand property, facilities and employees. Subject to completion of the transaction, WD plans to integrate these facilities and employees into its Thailand operations. The financial terms of the two agreements were not disclosed.

Toshiba and Western Digital aim to complete the acquisition and transfer by March of this year after obtaining approval from the relevant authorities.

The closing of the transactions with Toshiba is conditioned on WD's closing of its planned acquisition of HGST, which remains subject to several closing conditions, including the receipt of certain remaining antitrust approvals. Subject to obtaining these approvals, WD is targeting the transactions with Toshiba to close in March 2012.

Toshiba is expected to benefit from the transactions. 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.

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.

Toshiba plans to 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.

Following the reinforcement of its HDD businesses through this re-organization, Toshiba aims to establish itself as a leading provider of integrated storage solutions?the company that has all three key storage solutions: NAND flash, SSD and HDD.


Previous
Next
Singulus Delivers its First Production Machine for Rewritable Blu-ray Discs        All News        New Xbox 360 Special Edition 4GB Kinect Family Bundle Released
The Raspberry Pi $25 Linux Computer Goes On Sale     PC Parts News      Samsung Galaxy Tab 7.7 Available on The Verizon Wireless Network

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba Delays Earnings Report, Announces Recovery Plan
Toshiba Informs SK hynix of New Plan to Sell Memory Business
Foxconn Is Bidding for Toshiba Chip Business
Western Digital Releases New iNAND 7350 Storage Solution Built on 3D NAND
Toshiba Starts Sampling 64-Layer, 512-gigabit 3D Flash Memory
Toshiba Books $6.3 Billion Writedown, Chairman Resigns
Toshiba Starts Construction of Fab 6 at Yokkaichi, Japan
Toshiba Announces First MN Series HDDs
SK hynix Bids for Stake in Toshiba's Memory Chip Business
Western Digital Introduces First 512 Gigabit 64-Layer 3D NAND Chip
HGST Proved The Most Reliable Hard Disks According To Latest Backblaze Stats
Toshiba Faces New Lawsuits Over 2015 Accounting Scandal

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .