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The South Korean giant is set to receive $1.5 billion after selling part of its stake back to storage developer Seagate.
Seagate has completed its £890m takeover of Samsung's hard disk drive division, following regulatory approval.Following a brief investigation, the European Commission cleared the takeover in October without imposing any conditions on it.
The Australian Competition and Consumer Commission (ACCC) has released its review on Seagate's proposed acquisition of Samsung's hard disk drive (HDD) business, and given it the green light.
The European Commission has finished its deliberation on the proposed acquisition by Seagate Technology of Samsung's hard disk drive business, and has no objections.The $1.
The European Commission will examine the mergers of the HDD wings of Seagate and Samsung and the storage divisions of Western Digital and Hitachi to judge whether consolidation could damage competition in the storage sector
Seagate has acquired Samsung Electronics' hard disk drive (HDD) operations for US$1.37 billion in a move that boils the market down to two players. Seagate and Western Digital now control 90 per cent of the HDD market with Toshiba a distant third.
The deal sees Seagate gain Samsung's hard-disk drive division and a supply of Nand flash, while Samsung gets a say in the US company's business
Seagate Technology has announced that it is to acquire Samsung's loss-making hard drive business for $1.4 billion.
Seagate has acquired Samsung Electronics' hard disk drive (HDD) operations for $1.37 billion in a move that boils the market down to two players. Seagate and Western Digital now control the HDD market.
If Samsung sold its hard drive unit to Seagate, it would put 90 percent of the market share for hard drive sales in the hands of two companies -- Seagate and Western Digital.
Seagate and Samsung have formed a not-so-predictable partnership for the improvement of solid state drives.
Seagate and Samsung inked a joint development and licensing pact designed to makes solid state drives more enterprise friendly.
Several major hard-drive vendors have announced that they will work together to promote and develop a new type of storage: hybrid hard drives. Seagate Technology, Hitachi, Samsung, Fujitsu and Toshiba are the five founder members of the Hybrid Storage Alliance.
Seagate, Hitachi, Samsung, Fujitsu and Toshiba partner to promote combo of flash chips and magnetic platters. But where is Western Digital?
Seagate, Hitachi, Samsung, Fujitsu and Toshiba partner to promote hard drives containing flash chips and magnetic platters, but where is Western Digital?
Samsung Semiconductor plans to announce Monday that it has renewed its contract with Microsoft to supply memory chips for the company's Xbox game console. Such long-term supply agreements are particularly valuable in the turbulent memory-chip industry, which saw manufacturers selling dynamic random access memory (DRAM) chips below cost for much of last year just to keep factories open. Risto Puhakka, an analyst at semiconductor research firm VLSI Research, said that even though memory prices are starting to recover, it is to Samsung's advantage to lock in orders now. "The long-term contracts present a number of benefits in that suppliers can plan much more efficiently," he said. "You're not in the position of dealing entirely with the spot market." The Xbox contract also helps Samsung, a leading maker of memory, to diversify. Each Xbox console uses 64MB of high-speed double-data rate (DDR) DRAM, half of what one finds in the average PC. However, the PC industry is slogging through its worst downturn ever, while game console sales are rising rapidly. "It shows Samsung is selling into other areas besides PCs, and I think that's to their advantage," Puhakka said. Microsoft sold 1.5 million consoles from mid-November, when the Xbox went on sale, through the end of 2001. Microsoft projects worldwide shipments of 4 million to 6 million units for its 2002 fiscal year, which ends June 30. Besides Samsung, major component suppliers for the Xbox include Nvidia, which makes the graphics processor and a custom multi-function chip for the console, and storage makers Western Digital and Seagate, which make the hard drives used in the console.
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