Get the latest tech news
Seagate acquires Intevac, which makes equipment for hard disk drives, for $119M
Seagate, the data storage company, has announced its intent to acquire Intevac, a hard drive equipment producer, in an all-cash deal worth $119 million.
Seagate, the data storage company, has announced its intent to acquire Intevac, a hard drive equipment producer, in an all-cash deal worth $119 million. One of the technologies that the firm touts as its preferred solution, heat-assisted magnetic recording, or HAMR, improves the “writeability” and storage density of hard drives by applying heat energy. Several of Seagate’s rivals, including Western Digital and Toshiba, are also working on HAMR-based drives, spurred by the growing worldwide demand for storage.
Or read this on TechCrunch
