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Fujitsu Exits Hard Disk Drive Heads Business
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Old 11th May 2009, 19:56   #1
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Default Fujitsu Exits Hard Disk Drive Heads Business

Fujitsu Limited has announced that it had come to an agreement with TDK Corp. to terminate their strategic business alliance in regard to hard disk drive (HDD) heads, and in conjunction, the companies will dissolve their joint-venture agreement regarding HDD head manufacturer TDK Fujitsu Philippines Corporation (TFPC; 66% owned by TDK and 34% owned by Fujitsu).

In October 2004, Fujitsu and TDK signed a business alliance agreement on the HDD head business. In order to build a structure for technological cooperation, the two companies established the joint-venture TFPC in December 2004 to process and assemble HDD heads. Recently, however, Fujitsu decided to exit the HDD head and HDD businesses, and therefore the two companies have agreed to terminate the business alliance and dissolve the joint-venture agreement.

http://www.xbitlabs.com/news/storage..._Business.html
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