|21-12-2011, 01:22 AM||#1|
Join Date: May 19 2008
[Techpowerup.com] Seagate Finalizes the Acquisition of Samsung's Hard Drive Business
Seagate Technology has today announced that it completed the acquisition of Samsung Electronics' hard drive unit. Worth $1.4 billion, this deal covers the assets, infrastructure and employees of Samsung's HDD business and is supposed to boost Seagate's production capacity, R&D strength and customer access in China, Southeast Asia, Brazil, Germany and the Russian Federation.
As part of the agreement, Seagate will be supplying HDDs for Samsung PCs, notebooks and consumer electronics devices, while the South Korean giant will provide Seagate with semiconductor products needed for enterprise solid state drives (SSDs), solid-state hybrid drives and other products. Moreover, the two companies have signed an extended patent cross-license agreement, and have agreed to collaborate on the development of enterprise storage solutions.
|acquisition, business, drive, finalizes, hard, samsung, seagate, techpowerupcom|
|Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)|
|Similar Threads for: [Techpowerup.com] Seagate Finalizes the Acquisition of Samsung's Hard Drive Business|
|Thread||Thread Starter||Forum||Replies||Last Post|
|[Techpowerup.com] (PR) Seagate Announces Momentus XT Solid-State Hybrid Hard Drive for Notebooks||News||Reviews & News Online||0||30-11-2011 03:20 AM|
|[Techpowerup.com] (PR) Seagate Ships World's Slimmest, Portable, External Hard Drive||News||Reviews & News Online||0||06-04-2011 09:20 AM|
|[Techpowerup.com] (PR) Seagate Delivers World's Fastest Hard Drive For Laptop Computers, Momentus XT SSHDD||News||Reviews & News Online||0||25-05-2010 08:11 AM|
|[Techpowerup.com] (PR) Seagate Introduces World's Fastest, Greenest Enterprise Hard Drive||News||Reviews & News Online||0||04-11-2008 07:30 AM|
|[Techpowerup.com] Seagate Plans to Release Enterprise SSDs and 2TB Hard Drive for Nex||News||Reviews & News Online||0||01-06-2008 12:00 AM|
All times are GMT +11. The time now is 12:30 PM.