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Seagate ramps Singapore investment

Posted: 27 Mar 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Jonathan Hopfner? Seagate Technology? production? R&D capabilities?

Hard-disk drive manufacturer Seagate Technology will ramp up investment in Singapore to expand its production and R&D capabilities here, senior executives said this week.

James Chirico, executive vice president, said that the company plans to invest $300 million in its Woodlands plant over the next year to help meet surging demand for its storage products. He added that Seagate will also add 1,500 to 2,000 new employees to its Singapore operations.

The new hires will include about 200 engineers from a range of disciplines that will be added to Seagate's local R&D team, doubling its current size.

Executive vice president Bob Whitmore said the expansion would enable the Singapore R&D operation to deliver multiple products simultaneously, like its U.S. counterparts. The Singapore R&D team has been focusing on the development of 1-inch hard drives used in handheld devices.

Seagate executives, however, did not the company's takeover of Maxtor, which was acquired in December 2005, or the likely fate of the approximately 2,500 people Maxtor employees in Singapore.

- Jonathan Hopfner
EE Times

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