Storage Solutions Samsung sells HDD division to Seagate

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First Hitachi now Samsung, will there be only two competitor like in the GPU war?

We're firmly of the belief that SSDs are our future and Samsung would seem to agree. The Korean electronics giant has just announced that it's selling its hard disk drive-manufacturing arm to Seagate Technology for a neat $1.375 billion in equal measures of cash and stocks. As a result, Samsung Electronics will own approximately 9.6 percent of Seagate and get to nominate one new member to join Seagate's Board of Directors, while the two companies have further agreed to deepen their strategic relationship with related cross-licensing and supply stipulations. Samsung will provision Seagate's solid state drives with NAND flash memory, whereas Seagate will furnish Samsung's PCs and consumer electronics products with hard disk storage. The deal is expected to complete in full by year's end and you can read all about it in Seagate's press release after the break.
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Engadget didn't see this point clearly when they just copy pasted the press release :bleh:

In connection with its strategic alliance with Samsung, Seagate expects also to strengthen its relationship with TDK Corporation/SAE Magnetics (H.K.) Ltd. Together, these transactions and agreements broaden a strategic relationship between Seagate and Samsung that began with a joint development agreement announced in August 2010.
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The Sorcerer said:
Engadget didn't see this point clearly when they just copy pasted the press release :bleh:
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Pardon my n00bness, but how does that affect the main news :huh:
 
^^ Same here how does it even matter is out of my mind :P....but I think its more to do with SSD drives collaboration with Samsung for newer SSD drives from Seagate rather than any magnetic storage ! TDK/SAE Magnetics are half dead anyway :P
 
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