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
Hopefully Seagate keeps the Samsung tech and continues to build products based on that.
But yeah, keep on weeding out the competition until there's just one or two manufacturers who can set their own prices. Perfect. Happens with everything else.
The advantage is gaining their factories, patented HDD technology, possible brand. At the very least, they will be able to product more drives and take a chunk of Samsung's current HDD customers. Not to mention some of the tech will help Seagate catch up on density per platter. One of the many reasons the F3 and F4 are as fast as they are for standard HDD's and an area Seagate fell behind on.
Oh well. I guess I will wait to see what a Samsung SSD turns out to be. We could get a new controller or NAND memory out of this. Both things Samsung is capable of making.
yeah the waves change :shadedshu