Wednesday, June 28, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Toshiba Delays Chip Unit Deal, Sues Western Digital
Qualcomm Debuts the Snapdragon Wear 1200 and the Snapdragon 450 Mobile Platforms
Samsung Launches ISOCELL Image Sensor Brand
Toshiba Announces 96-Layer 3D Flash Memory and 64-Layer QLC 3D Flash Memory
Western Digital Announces First 96-Layer 3D NAND Technology
New Intel SSD 545s Packs 64-layer 3D TLC Flash
Ransomware Hits Servers Across the Globe
New Sony 20MP CMOS Image Sensor Released
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, April 30, 2009
Toshiba and Fujitsu Form Toshiba Storage Device Corporation


Toshiba and Fujitsu Limited today announced that they have concluded a definitive agreement on the transfer of Fujitsu's hard disk drive (HDD) business to Toshiba.

The agreement follows a memorandum of understanding (MOU) signed by the companies on February 17, 2009. The companies will now seek to complete the business transfer by the target date of July 1st, 2009.

Fujitsu's HDD related business and functions will be transferred to a new company, Toshiba Storage Device Corporation (TSDC). Fujitsu's HDD manufacturing subsidiaries, Fujitsu Computer Products Corporation of the Philippines (FCPP) and Fujitsu (Thailand) Co., Ltd. (FTC), will become Toshiba Storage Device (Philippines), Inc. (TSDP) and Toshiba Storage Device (Thailand) Co, Ltd.(TSDT). The HDD related business of Yamagata Fujitsu Limited will become Toshiba Storage Device Yamagata Corporation (TSDY). Upon completion of the transfer, these three companies will become wholly owned subsidiaries of TSDC.

After the transfer, Toshiba will handle the sales and marketing of all HDD products, including Fujitsu's, and entrust all aspects of design, R&D, quality assurance, production technology, and technology support to TSDC. Fujitsu's sales and marketing offices outside of Japan, with the exception of some offices in certain regions, will be transferred to Toshiba's overseas business operations. Toshiba will acquire a stake of 80.1 percent in TSDC by the target date of July 1st, 2009 and make it a Toshiba Group subsidiary. Fujitsu will continue to hold a stake of 19.9 percent until the end of December 2010. After that, Fujitsu will transfer its stake to Toshiba, at which point TSDC will become a wholly owned subsidiary of Toshiba.

The value of the transfer is expected to be approximately 30 billion yen. Toshiba's 80.1% ownership of TSDC is expected to be valued at approximately 24 billion yen (at the time of the July close), and the remaining 19.9% ownership holding at approximately 6 billion yen (to be held until the end of December 2010). However, these amounts are subject to change upon completion of the transfer.

"Toshiba will reinforce its position as a leading vendor of small form factor HDDs by entering into the enterprise HDD business for server and data storage system applications, where Fujitsu is currently a leader," Toshiba said in a statement. "This move will also allow Toshiba to further enlarge its leading solid state drive (SSD) business by developing SSD products for servers and enterprise storage systems, thus maximizing the synergy with Fujitsu's enterprise HDD technology."


Previous
Next
Palm Pre Aims at the iPhone, Costs $170 to make: iSuppli        All News        Paramount Home Entertainment Licenses BD+ Protection Technology
Asus Motherboards to Support Windows 7 RC     PC Parts News      Alpine 64 Pro: Quiet Cooling Solution for AMD CPUs

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba Delays Chip Unit Deal, Sues Western Digital
Fujitsu Virtual Machine Control Technology Improves Server Density
Western Digital Resubmits Bid for Toshiba Chip Unit
Toshiba Chip-Unit Final Agreement Said to be Delayed, WD Opposes Participation of SK Hynix
Toshiba Open to Further Talks With Western Digital About Chip Unit Sale
Japan-led Consortium Wins Toshiba Memory Bidding
Toshiba Applies Spintronics Technology to Strain-gauge Sensor Element to Boost Sensitivity
Western Digital's SanDisk Subsidiaries Seek Injunctive Relief Against Toshiba in the Superior Court of California
Toshiba Faces New Lawsuit Over Accounting Scandal
Toshiba Announces Next Generation 15,000rpm AL14SX HDD
Apple, Dell, Kingston, Amazon, Could Join Foxconn In Bid for Toshiba Chip Business
Western Digital Said to Sweeten Offer For Toshiba's Memory Unit

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .