From The Japan Times · Takashi Mochizuki · · 40s
AI Data Center Bidding War
Seagate and Toshiba compete for TDK's magnetic-heads business in AI storage boom.
In brief
Seagate and Toshiba compete for TDK's magnetic-heads business in AI storage boom. Seagate and Toshiba are bidding for TDK's magnetic-heads business to control AI data-center storage market growth. Originally reported by The Japan Times.
Bidding War for TDK Business
Seagate Technology Holdings and delisted Toshiba are vying for TDK’s magnetic-heads business in a deal that could be worth several billion dollars.
AI Data Center Storage Demand
Fast-moving ai data-center operators now demand hard-drive suppliers pack ever more storage into limited spaces.
Market Expansion Opportunity
The winning bidder would expand in-house capabilities in the $23 billion hard-drive market transformed by ai data-center demand.
The short version
Seagate and Toshiba are bidding for TDK's magnetic-heads business to control AI data-center storage market growth.
