Consolidation has taken a new shape in the hard drive market. No, Seagate hasn't purchased Western Digital—but the two companies have joined forces, along with Hitachi, to develop the next generation of mechanical storage technology.
As EE Times reports, Hitachi, Seagate, and WD have formed an industry group tentatively christened the Storage Technology Alliance. The three firms have already tied up "multiple millions of dollars" for the project. Component manufacturers and semiconductor firms including TDK, Fuji, LSI, Marvell, Veeco, and Xyratex are expected to join by year's end.
Why the joint effort? Mark Geenen, who chairs the International Disk Drive and Equipment Materials Association and will manage the Storage Technology Alliance, told EE Times the industry faces challenges "too massive for any single company to handle technically or from a business perspective." He added, "We're talking about billion-dollar investments in new factories and retrofits while the technology is still immature."
|AMD cuts A-series desktop processor prices||18|
|Get Shorty: Gigabyte intros mini GeForce GTX 970||14|
|Toshiba intros $330 notebook with 360-degree hinge||20|
|''Biggest ever'' iPhone launch drives strong Q4 Apple financials||45|
|IBM-GlobalFoundries deal faces regulatory hurdles||36|
|You can now pre-order Asus' $199 Win8.1 netbook||40|
|Call of Duty: Advanced Warfare needs 6GB of RAM and 55GB of storage||102|
|Gmail for Android 5.0 Lollipop to support non-Gmail accounts||17|
|GeForce GTX 970 cards from MSI and Asus reviewed||46|