- Seagate is ready to purchase Intevac, a specialist in HAMR drive manufacturing
- HAMR is seen because the know-how which goes to drive HDDs to 100TB+
- The transfer is a critical blow to Western Digital and Toshiba’s personal HAMR plans
Seagate is charging forward in its quest to provide super-sized HDDs. In direction of the top of January 2025, the world’s largest exhausting drive vendor introduced a 36TB model – arriving only a month after it debuted a 32TB one – and it revealed on the time {that a} 60TB drive is on its means.
Now, the agency has introduced plans to accumulate Intevac, an organization identified for making sputtering methods that apply ultra-thin layers of fabric, resembling an iron-platinum alloy (FePt), to HDD platters. This superior deposition course of permits for the creation of magnetic layers with larger uniformity, improved signal-to-noise ratios, and fewer defects, doubtlessly leading to denser knowledge storage. Over 65% of the world’s exhausting disk output is produced utilizing Intevac’s methods, which works out to greater than 50 million disks per thirty days. The know-how is taken into account important for Perpendicular Magnetic Recording (PMR) and Warmth-Assisted Magnetic Recording (HAMR).
HAMR, which lowers magnetic resistance by heating the drive, permits knowledge to be written in smaller, extra secure bits and can prone to be a key think about HDDs reaching 100TB capacities. By shopping for Intevac, Seagate has doubtlessly scored an enormous win over its rivals. Seagate is Intevac’s major buyer, however Western Digital is one too, and it, together with Toshiba, has HAMR drives within the works.
Unanimously accredited
The definitive settlement will see Seagate purchase Intevac in an all-cash transaction for $4 per share. Intevac may also pay a one-time particular dividend of $0.052 per share (bringing the combination consideration to Intevac stockholders to $4.052 per share). Individually, Intevac’s Board of Administrators has declared a daily quarterly dividend of $0.05 per share, which shall be paid on March 13, 2025, to Intevac stockholders.
Because of the transfer, Intevac will now not maintain its earnings name, which had been set for February 25.
Intevac’s Board of Administrators has unanimously (and unsurprisingly) accredited the transaction and really helpful that every one stockholders tender their shares within the supply.
The acquisition is anticipated to shut in late March or early April 2025, though, as Blocks and Files factors out, “Western Digital or Resonac [which counts Toshiba as a customer] or each might object to the deal on decreased competitors grounds, which might delay its completion and even forestall the transaction from going down.”
That is unlikely after all – Seagate would not have moved ahead with the acquisition if its attorneys had been anticipating issues of that magnitude.
Seagate will be capable of enhance HAMR drive manufacturing following the acquisition, however the transfer might hamper Western Digital and Toshiba’s efforts in that division, as it could imply shopping for the sputtering instruments they want from Seagate, a significant rival.
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