Toshiba Signs Agreement With Western Digital on Acquisition of HDD Manufacturing Equipment

Toshiba Corporation announced that it has entered into a definitive agreement with Western Digital Corporation on Toshiba's acquisition of certain of Western Digital's 3.5-inch HDD manufacturing equipment and related intellectual property, and the transfer to Western Digital of Toshiba Storage Device (Thailand). Toshiba's wholly-owned HDD manufacturing subsidiary located in Thailand.
Toshiba and Western Digital aim to complete the acquisition and transfer by March of this year after obtaining approval from the relevant authorities. Read more

Western Digital Acquires Hitachi Global Storage Technologies

Western Digital (WD) and Hitachi have entered into an agreement whereby WD will acquire Hitachi Global Storage Technologies (Hitachi GST), a wholly-owned subsidiary of Hitachi, in a cash and stock transaction valued at approximately US$4.3 billion. The proposed combination will result in a customer-focused storage company, with significant operating scale, strong global talent and the industry's broadest product lineup backed by a rich technology portfolio. read more