Seagate completes acquisition of Samsung hard drive business

Do not be surprised if you don’t see Samsung hard drives on the market that often anymore.

Seagate Technology has officially announced the end of the acquisition process of the hard disk drive business of Samsung Electronics – a deal which includes the transition of assets, infrastructure and employees. Seagate also acquires the leading Samsung M8 product line of high-capacity, 2.5-inch HDDs. In addition Seagate will be joined by a number of senior Samsung managers and engineering and design employees that will help Seagate focus on the development of small form-factor products for the mobile computer market.

“Together, Seagate and Samsung have aligned our current and future product development efforts and roadmaps in order to accelerate time-to-market efficiency for new products and position us to better address the increasing demands for storage,” said Steve Luczo, Seagate chairman, president and CEO. “It is an exciting time in the industry with rapidly evolving opportunities in many markets including mobile computing, cloud computing, and solid state storage.”

Seagate Logo

“The strategic relationship will open new opportunities for the two companies by mutually complementing each other’s creative technology solutions for a broad diversity of IT applications,” said Oh-Hyun Kwon, vice chairman of Device Solutions of Samsung Electronics.

The deal was announced for the first time in April 2011 along with a series of other agreements between the two companies. The acquisition deal was also made easier through the long time cooperation between the two companies – Seagate supplies disk drives to Samsung for PCs, notebooks and consumer electronics devices while Samsung supplies its market-leading semiconductor products for use in Seagate’s enterprise solid state drives (SSDs), solid-state hybrid drives and other products.

Seagate now will have better access to markets in China, Southeast Asia, Brazil, Germany and Russia. Still, to not confuse customers, Seagate will keep the Samsung brand for certain hard drive products for a year.


Source: Businesswire

Related posts

New Packard Bell Liberty Tab tablet with Android 3.2

Packard Bell today announced a new version of its 10.1-inch Nvidia Tegra 2 based Liberty Tab tablet which comes with Android 3.2 OS and is available in two color versions -Burgundy red or a Pearl White for 399€. Liberty Tab is equipped with 10.1-inch WXGA Active Matrix TFT LCD touchscreen...

ASRock presents two new C232-based motherboards

ASRock presents two new C232-based motherboards

Intel’s C232 chipset has been quickly gaining popularity lately due to a simple fact – this system logic supports not only Intel Skylake processors but also Xeon chips on the same architecture unlike the high-end Intel Z170 chipset, so motherboard makers, which want to give users more...

Transcend StoreJet 35T3 USB 3.0 external hard drive

The newest external hard hard drive by Transcend measures 172.4 x 152.4 × 44.8mm,  packs 3.5 -inch SATA Hard Disk with 7200 RPM and 32MB buffer and offers USB 3.0 interface. The StoreJet 35T3 has sleek black casing and supports data transfer rates up to 130MB/s. It also feature One Touch...

Leave a comment