Monday, April 18th 2011
Samsung Electronics Exiting HDD Business, Seagate Front-runner to Buy It
Korean multinational conglomerate Samsung is planning to sell its hard disk drive (HDD) business held by Samsung Electronics. The company wants to focus on other kinds of storage products that are flash-based. Samsung is planning to sell the unit for an estimated US $1.5 billion. HDD major Seagate Technology is the front-runner to buy it. The HDD industry is under pressure after the market success of tablet and netbook industries, which use more compact and inexpensive SSDs instead of 1.8-inch HDDs. With Samsung's exit, the consumer HDD industry will be reduced to just three players: Western Digital, Seagate, and Toshiba.
Source:
Wall Street Journal
61 Comments on Samsung Electronics Exiting HDD Business, Seagate Front-runner to Buy It
The very reason I went samsung was to get away from Seagate :(
Edit There is no more Hitachi HDD.
I didn't know that :/
Thanks mate.
So technically, only 2 players. Seagate and WD. I can live with that. Only two companies I've ever had reliable long lasting drives from.
SSD have 1,2,3 TB with same price Range of HDD !
I wish you wouldnt leave, your HDD user base has grown so much over the years and so many websites and magazines have given your HDDs super sexy awesome reviews.
But now you pull the carpet out from under our feet.... :cry::cry::cry: I love you samsung!! please dont go!! dont leeeaaavvveee me!!! dont leave me with WD.... :(
:cry::cry:
I will hold a day of silence in memory of samsung (pun intended)
I say good riddance! Samsung is playing it smart here. They KNOW SSD's are the wave of the future and are investing accordingly.