Samsung to Sell HDD Business?

One of the leading companies on the world market Samsung, may be looking to sell its hard-disk-drive business and to invest in the growing flash-based storage devices.

The sum that is discussed as a possible selling price for the hard drive devision is $1.5 billion and as potential buyer is expected to be Seagate Technology. The HDD industry is in very competitive situation now,  due to the increasing demand of more compact SSDs and flash based memory for tabless, smartphones and netbooks. The business is due to become even more competitive, because of this year acquisition of Hitachi Ltd’s HDD unit by Western Digital Corp. This will reduce the HDD industry to just three major players Western Digital, Seagate, and Toshiba.

Source: Reuters

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