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Seagate $1.25 billion to participate in the "union" of America Japan and Korea

Storage equipment company Seagate Technology (Seagate Technology) announced in Bain Capital (Bain Capital) leader of alliance of America, Japan and Korea, involved in the purchase of acquisition of Toshiba's semiconductor business.In the acquisition agreement, Seagate promised up to $1.25 billion to support the acquisition, capital is expected to purchase before the end of march in place in 2018.In addition, Seagate forecast and Toshiba semiconductor business flash memory for a long time supply agreement, Toshiba will for Seagate expand SSD SSD product lineup, continuous supply of flash memory.

Seagate technology, chairman and chief executive officer Steve Luczo said that over the years, Seagate has established long-term good relationship with Toshiba semiconductor business.Semiconductor business occupied in NAND Flash Flash memory technology leadership, impressed Seagate technology.

Steve Luczo further pointed out that Seagate technology is very happy and honored to participate in "alliance, America, Japan, shows Toshiba Toshiba semiconductor business to keep its independent NAND Flash Flash memory technology leading position.Because, bain capital committed to long-term cooperation with Toshiba semiconductor business success.Seagate believes that in the long run, the acquisition of maximum security of Seagate technology industries and the interests of the global customers.

Steve Luczo said that over the next few years, the storage industry will witness a large number of data, as well as the growing demand for storage, and Seagate technology must be able to meet these requirements.Therefore, Seagate technology and Toshiba semiconductor business NAND Flash Flash memory supply agreement signed, will ensure that Seagate can continue to innovation, and to provide storage solutions to meet their needs, including mechanical hard disk, SSD and mixed hard drive solutions.

Seagate technology, President and CEO Dave Mosley, points out that in the past five years, Seagate has been constantly developing NAND Flash Flash memory storage technology combination.Nowadays, Seagate has a wide range of flash memory products, can expand business in the different market growth.Seagate sign long-term agreement with Toshiba semiconductor division to strengthen supply NAND Flash Flash memory, the future will enhance Seagate combination of SSD storage revenue ability, at the same time storage solutions for customers bring great value for us.