Seagate, currently the world's largest manufacturer of hard disk drives, has announced its intention to move into the flash memory drive market within the next year.In an interview with the Wall Street Journal, Seagate's chief executive, Bill Watkins (pictured) said that the company would enter the market for devices that store data on flash chips by the end of next year. He however said that the company would continue to rely on its core market of magnetic hard drives.
"We have solid-state drives on every road map that we have," said Watkins.
Seagate previously held a 40 per cent stake in memory rival manufacturer SanDisk – a company, which is now ironically worth about the same as it. Watkins cited the stake when he said that Seagate had always had an eye on the flash market.
Advertisement
Related Stories
- WD moves to finalise purchase of Hitachi HDD division Mar 7th 2012 at 11:49AM
- Hard drive prices elevated until the third quarter Feb 13th 2012 at 6:32AM
- WD and Seagate in hard drive warranty 'massacre' Dec 19th 2011 at 7:54AM
- Seagate slugs WD in $525m arbitration victory Nov 22nd 2011 at 1:10AM
- Hard drive disruption to persist through 2012 Nov 20th 2011 at 10:48PM
- GfK: Thailand flood could crash consumer sales Nov 11th 2011 at 12:44PM
- Hard drive prices surge on Thai flood supply constraint Nov 8th 2011 at 9:35PM
- Seagate GoFlex Satellite boosts iPad storage May 16th 2011 at 10:55PM
- Seagate introduce world's first 1TB-per-platter hard drive May 4th 2011 at 1:46AM
- Seagate snaps up Samsung hard drive business Apr 19th 2011 at 11:43PM
