Andre Yoskowitz
17 Feb 2009 17:45
Fujitsu has announced that they have inked a deal to transfer their HDD business to Toshiba, helping to soften the blow of a potential $112 million USD loss in the division for the fiscal year.
Fujitsu will spin off the division into a separate company which will then be purchased in full by Toshiba.
Although the agreement is already set, the actual deal will not occur until April at the earliest as Toshiba wants to have the deal happen in their Q1 fiscal 2009.
The deal should give Toshiba a stronger push into the smaller HDD market, including those for HDD-based media players and those found in laptops. The company also noted it will use the opportunity to "branch out" into solid-state drives and "other business-class storage."