Global Sources
EE Times-Asia
Stay in touch with EE Times Asia
EE Times-Asia > Embedded

Hitachi, IBM join HDD operations

Posted: 06 Jan 2003 ?? ?Print Version ?Bookmark and Share

Keywords:hdd? hitachi global storage technologies?

IBM Corp. has completed an agreement to combine its HDD operations with Hitachi Ltd, forming a new company called Hitachi Global Storage Technologies.

Under the agreement, Hitachi has purchased the majority of IBM's HDD-related assets for $2.05 billion. As planned, Hitachi has paid 70 percent of the purchase price to IBM. Hitachi will pay the remainder to IBM over the next three years.

Article Comments - Hitachi, IBM join HDD operations
*? You can enter [0] more charecters.
*Verify code:


Visit Asia Webinars to learn about the latest in technology and get practical design tips.

Back to Top