Seagate and Toshiba Bid for Rare Independent Supplier of Hard Drive Components Amid AI Storage Boom
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Seagate Technology and Toshiba are competing to acquire TDK's magnetic-heads business for hard-disk drives in a deal valued at several billion dollars, reflecting the intense scramble for critical components as AI data-center demand surges. Toshiba initiated talks with TDK in spring 2026, followed by a higher offer from Seagate that summer, according to industry sources.
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