Seagate, Toshiba Bid for TDK Magnetic Head Unit — SkimNews
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- Seagate and Toshiba are locked in a bidding contest for TDK Corp.'s HDD magnetic-heads business, according to sources cited by Bloomberg
- The potential transaction is described as a multibillion-dollar deal, with the bidding war tied to the two companies competing for AI data center storage demand
Why it matters: Two of the world's largest hard drive players — Seagate and Toshiba — are competing for a critical HDD component from TDK, underscoring how AI data center storage demand is now strategic enough to justify multibillion-dollar bids for upstream magnetic head manufacturing capacity.
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