Thursday, July 31, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Q3 Sales and Profits Down despite Galaxy S5 launch
Apple May lay Off People at Beats: report
Japanese Giants Form JOLED Company To Compete With LG, Samsung
BitTorrent U Secure Online Calling Software Bleep
Fujitsu Semiconductor and ON Semiconductor Announce Foundry Agreement
Kaleidescape Joins the One-Blue Licensing Program
AMD Opteron 64-Bit ARM-Based Developer Kits Now Available
Samsung Galaxy Note 4 Coming On September 3
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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
Western Digital Introduces 6 TB NAS Hard Drive, Seagate Starts Sampling 8GB Models
HGST Ships 1.8 TB 10K Hard Disk Drive
Toshiba to Release Wearable Biological Sensor
Toshiba Introduces Storage Place Solution
WD Introduces New My Book Duo DAS
HDD Market Seen To Post Modest Growth in 2014
Toshiba Brings Suit Against Powerchip for NAND Flash Memory Patent Infringement
WD Demonstrates First PCI Express Hard Drives at Computex 2014
WD TV Media Player Simplifies Content Playback On Any TV
Toshiba Debuts the Satellite Radius Multimode Laptop, New Detachable Notebooks And Windows 8.1 Tablets
Toshiba Announces 5TB, 7,200 RPM Enterprise HDD
SanDisk and Toshiba License Memory Technology IP

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .