• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Home
  • About
  • Contact Us
  • Tip News!

Sammy Hub

Ultimate resource for all Samsung news, leaks, reviews

  • Phones
  • Tablets
  • Wearables
  • TV
  • Hardware
    • Components
    • Storage
    • Monitor
  • Software
  • Tech
  • Home Appliance
You are here: Home / Misc. / Samsung extends strategic alignment with Seagate, will sell HDD biz and more

Samsung extends strategic alignment with Seagate, will sell HDD biz and more

April 19, 2011 By kunal 1 Comment


 

Samsung has put an end to yesterday’s speculation by announcing a strategic partnership with Seagate. Under the agreement, Seagate will take over Samsung’s HDD business and will also extend the partnership with Samsung over other areas like:

– Extending the cross-license agreement between the companies
– Co-develop Enterprise Storage Solutions
– Disk Drive supply agreement to supply hard drives for Samsung hardware
– NAND flash memory supply agreement for use in Seagate’s SSD products

The overall value of this agreement is approx. US$1.375 billion where Samsung will be paid 50% with stock and remaining by cash. Samsung will also gain a stake in Seagate of about 9.6% and a place on Seagate’s Board of Directors.

Reader Interactions

Comments

  1. pico says

    April 19, 2011 at 8:05 pm

    Very very bad! This whole consolidation of the storage area is bad for competition and in the end for consumers. Seagate were once good but now they are considered the least reliable HDD makers. With WD swooping up Hitachi and now crappy Seagate taking over Samsung’s HDD business, I really hope the market doesn’t get flooded with failing crap from both WD and Seagate and I hope Samsung teaches Seagate a thing or two about making decent disk drives!

    Better get a few more reliable SpinPoints before they are only a dim memory 🙁

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Search

Subscribe Now!

Recent Stories

Samsung Finance+ for Bespoke AI

Samsung Expands Digital Lending Program to Bespoke AI Appliances in India

Sleep Apnea Detection on Galaxy Watch

Samsung expands Sleep Apnea detection to more countries

Nvidia G-SYNC on Samsung 2025 OLED TV Series

Samsung’s 2025 OLED TV Range Supports Nvidia G-SYNC

Samsung-Mobile-Galaxy-S25-Edge

Samsung announces Galaxy S25 Edge – its slim take on the flagship series

Odyssey OLED G6

Odyssey OLED G6 is Samsung’s 500Hz OLED Gaming Monitor

Copyright © 2025 · Sammy Hub