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SDK to invest in Taiwan hard disk media producer

Posted: 19 Feb 2004 ?? ?Print Version ?Bookmark and Share

Keywords:showa denko? hard disk? trace storage technology?

Showa Denko K.K. (SDK) has formed a memorandum of understanding (MoU) with Taiwan-based Trace Storage Technology Corp. to study the possibility of SDK's investment in Trace. SDK has provided its hard disk media production technology to Trace based on the agreement concluded in May last year.

Under the MoU, Trace is considering issuing new shares for allocation to third parties and SDK is thinking of subscribing to those shares, thereby making Trace a joint venture. The investment scheme will be finalized after due diligence of Trace. The transaction will be subject to the approval by the Taiwanese Government.

Trace is capable of producing two million hard disks per month, and owns aluminum substrate production facilities. After adopting SDK technology, Trace has obtained customer approval for its 80GB hard disks. Trace has maintained high capacity utilization since September 2003.

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