Friday, September 19, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Android L To Support Encryption By Default
Microsoft Outlines Basic Elements Of Direct3D 12
New GeForce WHQL Driver Released
Panasonic and Leica Expand Partnership Agreement
Acer Brings 4K2K Displays With NVIDIA G-SYNC to The US
Order Your Samsung Galaxy Note 4 Today
TSMC Acquires EUV Machines For 10nm Chips
Atmos Firmware Update for Pioneer Elite SC Receivers Coming this Month
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 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."


Previous
Next
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
WD Introduces Cold-Data-Storage HDDs
New WD My Passport Portable Storage Drive Has Wireless Function And SD Card Slot
WD Releases Anniversary Edition My Passport Drives
Western Digital Introduces 6 TB NAS Hard Drive, Seagate Starts Sampling 8GB Models
HGST Ships 1.8 TB 10K Hard Disk Drive
WD Introduces New My Book Duo DAS
HDD Market Seen To Post Modest Growth in 2014
WD Demonstrates First PCI Express Hard Drives at Computex 2014
WD TV Media Player Simplifies Content Playback On Any TV
Western Digital Introduces Thunderbolt-Powered Dual-Drive For Macs
WD Simplifes TV Recording and Playback with 1 TB My Passport AV-TV Hard Drives
WD Introduces 2-Bay Personal Cloud Storage

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .