Toshiba will buy Fujitsu hard drive business in June to complete the transaction
Japan’s largest chip maker Toshiba today announced the acquisitions Department of Fujitsu companies its hard disk business, in order to further reduce manufacturing costs, and expand market share.
Toshiba plans in this year on June 30 Qian completed the acquisition, but does not disclosure trading of related price. Toshiba said, will first acquisition the Business Department of 80%, zhihou then will its all into under. acquisition Hou of hard drive business revenues is expected to reached 700 billion yen (about-in 7.6 billion dollars), this a digital is greater than the Samsung electronic of hard drive business revenues. Toshiba said with the trading, to 2015 company in hard drive market Shang share is expected to rose to 20%.
According to iSupply statistics, Toshiba in 2007 have all 7.2% share of hard drives, Fujitsu to 6.9% of the stick with. Seagate, Western Digital and Hitachi hard drives respectively rankings of the top three.
In a separate statement, Fujitsu said increase before the annual losses from 20 billion yen to 50 billion yen.