Seagate pushes for HDD dominance with finalised Samsung acquisition
Seagate has taken another step on their climb towards the top of the HDD pile by finalising its purchase of Samsung’s hard disk drive arm.
The move sees Seagate gain control of select assets, infrastructure and employees, while both companies “have also extended and enhanced their existing patent cross-license agreement and have expanded cooperation to co-develop enterprise storage solutions,” according to the press release.
“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.”
First announced in April, the now-completed deal will also see Seagate Drives used in Samsung laptops, while Seagate also gain the semi-conductors Samsung use in their solid state drives.