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Fujitsu, TDK unite for HDD head venture

Posted: 03 Aug 2004 ?? ?Print Version ?Bookmark and Share

Keywords:fujitsu? tdk? hard disk drive?

Fujitsu Ltd and TDK Corp. have agreed to form a strategic alliance in the magnetic hard disk drive (HDD) head business that would combine the Philippines drive assembly operations of both companies.

The joint venture to build HDD heads calls for TDK to take a 66 percent stake and Fujitsu the remaining 34 percent. Fujitsu will combine its Philippines subsidiary, Fujitsu Computer Products Corp. of the Philippines, with TDK's subsidiary TDK Philippines Corp., into the venture.

Considered a leading global disk drive supplier, Fujitsu will leverage its vertical drive manufacturing capabilities, while TDK will leverage its strengths in materials technology to improve drive magnetic properties and process technology.

Both companies are now discussing details of the agreement and expect to sign a definitive agreement by October.

- Spencer Chin

EE Times

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