AI data-center boom ignites bidding war for critical TDK unit
FROM THE PUBLISHER
A bidding war for TDK’s hard-disk drive parts business could determine the prospects of Japanese corporate icon Toshiba as well as who controls an increasingly lucrative artificial intelligence data-center storage market.Seagate Technology Holdings and delisted Toshiba are vying for TDK’s magnetic-heads business in a deal that could be worth several billion dollars. The winning bidder would be able to expand in-house capabilities in the $23 billion hard-drive market that’s been transformed by voracious AI data-center…
Original reporting by The Japan Times. Some articles may require a subscription.