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Fujitsu sells HDD business to Toshiba

Posted: 19 Feb 2009     Print Version  Bookmark and Share

Keywords:HDD business  small form factor HDDs  SSD products  enterprise HDD market 

Toshiba Corp. and Fujitsu Ltd have signed an MoU on the transfer of Fujitsu's HDD business to Toshiba. The companies aim to complete the transaction in Q1 of fiscal 09.

Fujitsu will facilitate the transfer by bringing its HDD-related businesses and functions together in a new company. Toshiba will acquire about an 80 per cent stake in this company and make it a Toshiba Group subsidiary. To promote a smooth transfer, Fujitsu will continue to hold a stake of under 20 per cent in the new company for a certain period of time, after which it will become a wholly owned subsidiary of Toshiba.

The consolidation of the two companies' HDD businesses will enable Toshiba to reinforce its position in small form factor HDDs (2.5-inch and smaller HDDs), widely used in notebook PCs, mobile devices, automotive and consumer electronics. It will also give Toshiba entry into the enterprise HDD market for server and data storage system applications.

Entry into the enterprise business will allow Toshiba to grow its solid-state drive (SSD) business by developing SSD products for servers and enterprise storage systems, fusing Toshiba's NAND flash memory technology with Fujitsu's enterprise HDD technology.

By taking advantage of the integration of Fujitsu's HDD businesses, Toshiba also aims to strengthen collaboration with HDD parts suppliers, and to promote cost reductions and the development of new technologies.

Going forward, Toshiba aims to build on the consolidation to raise its share in the overall HDD market to over 20 per cent by 2015.

Under the MoU, Fujitsu will transfer to Toshiba its HDD design, development, manufacturing, sales and all other functions currently carried out by Fujitsu and the Fujitsu group companies, with the exception of Fujitsu's HDD head and media businesses.

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