Seagate Scores a Game-Changing Deal. World's Largest HDD Vendor Buys HAMR Company, Critical to 100TB+
Seagate is set to acquire Intevac, a specialist in HAMR drive production, for $4 per share in an all-cash transaction. The acquisition will enable Seagate to increase HAMR drive production and solidify its position as the leading hard drive vendor. By acquiring Intevac's sputtering systems, Seagate can produce higher density data storage solutions.
- This deal marks a significant shift in the hard disk industry, where technology advancements are crucial for driving growth and innovation.
- Will this acquisition cement Seagate's dominance over Western Digital and Toshiba in the high-capacity HDD market?