Futher consolidation in the hard drive market has led Western Digital to lay off nearly 450 staff in Singapore.
All hard drive companies have experienced trouble in the past two years because although demand for storage has risen, prices have fallen, making every manufacturer look for ways to rationalise their products.
Last week, WD and IBM struck a deal worth an estimated $500 million involving the supply of IBM-manufactured hard disk components to Western Digital.
IBM provides much of the technology many hard drive manufacturers use, and also has factories producing the drives across the world. But although IBM Microelectronics claims technology leadership in numerous sectors, its marketing expertise means such deals are necessary.
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