Sunday, October 23, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
AT&T to Acquire Time Warner For $85.4B
Internet Disruptions Were Caused By Attacked Connected Devices
TSMC, GlobalFoundries/Samsung To Present Their 7nm Platforms At IEDM
Hon Hai Gains Apple Mac Orders From Quanta
AT&T In Advanced Talks With Time Warner On Merger
LG's Next Flagship G6 Smartphone Won't be Modular
Samsung to Exchange Galaxy Note 7 with New Galaxy S8
Qualcomm Said to Be Near A Deal With NXP
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 > Western...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 28, 2010
Western Digital to Acquire Hoya's Magnetic Media Operations

Western Digital announced today that it has agreed to purchase the magnetic media sputtering operations of Hoya Corporation and Hoya Magnetics Singapore Pte. Ltd. for 22 billion yen (approximately $235 million) in an all-cash transaction.

The agreement includes a multi-year commitment for glass substrate supply related to these operations from Hoya, solidifying WD's access to a key component for its 2.5-inch hard drive business and further enhancing the ongoing partnership between the companies. The acquisition will augment WD's existing magnetic media operations, strengthening its ability to meet anticipated growth in demand for hard drives in the years ahead.

WD is acquiring the facilities, equipment, intellectual property and working capital of Hoya's media sputtering operations, based in Tuas, Singapore, where it expects to employ the entire current workforce. Certain related equipment at Hoya's Nagasaka, Japan, research and development facilities is included. The acquisition is expected to close in the current calendar quarter.

John Coyne, president and chief executive officer of WD, stated, "This investment will enhance WD's ability to support our customers' growth. In addition to these assets, WD will also gain highly skilled and knowledgeable employees, valuable intellectual property and access to Singapore's deep academic and technology resources. We expect a seamless transition with the integration of this well-run operation into WD, enabling immediate support of anticipated hard drive demand growth in 2010 and beyond."

CDSA, Futuresource Announce Monthly Content Protection Reports        All News        RIM Shows New Operating System
Sony to Stop Sales Of 3.5-inch Floppy Disk in 2011     PC Parts News      ASUS Unveils New 890FX Based Motherboards

Get RSS feed Easy Print E-Mail this Message

Related News
Western Digital Introduces WD Blue And WD Green SSDs
Western Digital Increases WD Gold Hard Drives Capacity
Western Digital Announces First 64 Layer 3D NAND Technology
Western Digital My Passport Line Now In Capacities of Up To 4TB
Western Digital Launches My Passport Wireless Pro Hard Drive
Hitachi Hard Drives Remain The Most Reliable, Report Found
China Approves Sandisk Acquisition By Western Digital
Western Digital Debuts WD Gold Hard Drives For Data Centers
HGST Delivers Flexible Object Storage System
Western Digital Joins iRODS Consortium
Western Digital Offers Raspberry Pi Community New 314GB HD
Western Digital Expands Its HelioSeal Technology To Consumer Hard Drives

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .