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

Samsung Introduces new 8500 Series LED HDTV lineup

Samsung Electronics America, Inc., a market leader and award-winning innovator in consumer electronics, today unveiled the flagship model of its expanded LED HDTV lineup with the all-new 8500 Series. The new HDTVs combine the award-winning picture quality and thinness of Samsung’s previous LED...

Qualcomm debuts Snapdragon 805 SoC

Newer and newer mobile devices need more powerful processors and while the Snapdragon 200/400/600/800 families do the job, Qualcomm has decided to introduce an even more powerful processor – the Snapdragon 805. The new chip has been designed from the ground up to deliver 4K...

Giada launches i80 mini PC

Giada launches i80 mini PC

Giada, the maker of mini PCs, has announced the successful release of the new i80 mini PC. The main feature of the i80 is that it comes with the latest low-power Intel Skylake processors. Depending on the chosen configuration, you can have the i80 with an Intel Core i3-6100U processor (2.3 GHz)...

Leave a comment