News
 

Bookmark and Share

(0) 

Toshiba Corp. and Western Digital Corp. have announced that they have completed transactions of hard disk drive manufacturing assets from WD to Toshiba and vice versa. As a result of the transaction, Toshiba will gain 3.5" hard drive production capacities, whereas WD will get 2.5" HDD manufacturing assets.

As part of its deal with Toshiba, WD also completed its purchase of Toshiba Storage Device Thailand (TSDT), which manufactured hard drives prior to the recent Thailand flooding. The principal assets of TSDT are its Thailand property, facilities and employees, which WD plans to integrate into its Thailand operations. Acquisition of TSDT will boost Western Digital's positions on the market of 2.5" hard disk drives.

The WD's assets - which include manufacturing equipment and related intellectual property - will enable Toshiba to manufacture and sell 3.5" hard drives for the desktop and consumer electronics markets and will enhance its ability to manufacture and sell 3.5" hard drives for near-line (business critical) applications.

Going forward, Toshiba's consolidation of HDD production at two manufacturing facilities in the Philippines and a contract manufacturer in China will allow the company to strengthen its cost competitiveness by boosting manufacturing efficiency.

Having completed this reinforcement of its HDD operations, Toshiba aims to double sales in the business to ¥800 billion ($9.985 billion or €7.819) in fiscal year 2014.

The financial terms of the two agreements were not disclosed.

Tags: Toshiba, Western Digital, WD, Business

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Wednesday, October 8, 2014

8:52 pm | Lisa Su Appointed as New CEO of Advanced Micro Devices. Rory Read Steps Down, Lisa Su Becomes New CEO of AMD

Thursday, August 28, 2014

12:22 pm | AMD Has No Plans to Reconsider Recommended Prices of Radeon R9 Graphics Cards. AMD Will Not Lower Recommended Prices of Radeon R9 Graphics Solutions

Wednesday, August 27, 2014

9:09 pm | Samsung Begins to Produce 2.13GHz 64GB DDR4 Memory Modules. Samsung Uses TSV DRAMs for 64GB DDR4 RDIMMs

Tuesday, August 26, 2014

6:41 pm | AMD Quietly Reveals Third Iteration of GCN Architecture with Tonga GPU. AMD Unleashes Radeon R9 285 Graphics Cards, Tonga GPU, GCN 1.2 Architecture

Monday, August 25, 2014

6:05 pm | Chinese Inspur to Sell Mission-Critical Servers with AMD Software, Power 8 Processors. IBM to Enter Chinese Big Data Market with the Help from Inspur