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Seagate and Toshiba compete to acquire TDK's HDD magnetic-head division

Seagate and Toshiba are engaged in a bidding war to purchase TDK's remaining HDD magnetic-head manufacturing business. Toshiba has been in talks with TDK since earlier this year, while Seagate submitted a higher offer during the summer, with the deal valued at several billion dollars. The outcome could significantly impact the supply chain for major HDD makers, especially as industry demand surges due to AI-driven data storage needs.

techspot.com · 2026-10-07

Seagate, Toshiba reportedly vie to buy TDK's HDD magnetic head unit

Bloomberg reports Seagate Technology and Toshiba are competing to acquire TDK's hard disk drive magnetic head business in a deal said to be worth several billion dollars. TDK is currently the only independent maker of these components and Toshiba's sole supplier, while Seagate and Western Digital build heads in-house but also buy from TDK for extra capacity. According to the report, Toshiba approached TDK about the unit in spring 2026, after which Seagate entered the bidding.

tomshardware.com · 2026-10-07