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Seagate completes acquisition of Samsung's HDD business

John Ribeiro | Dec. 20, 2011
Seagate Technology said Tuesday it has completed the acquisition of the hard disk drive (HDD) business of Samsung Electronics, after it recently received approval for the deal in Australia, China, and the European Commission.

Seagate and Samsung have also extended and enhanced their existing patent cross-license agreement, and have expanded cooperation to co-develop enterprise storage solutions.

Under the terms of the agreement in April, Seagate is supplying disk drives to Samsung for PCs, notebooks and consumer electronics devices, while Samsung is supplying semiconductor products for use in Seagate's enterprise solid state drives (SSDs), solid-state hybrid drives and other products.

 

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