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Seagate Is Said to Battle Toshiba for TDK’s Hard-Drive Head Unit

Bloomberg Technology Tuesday 06 October 2026, 03:53 UTC By Kentaro Tsutsumi and Takashi Mochizuki 1 min read
Key Points

Seagate Is Said to Battle Toshiba for TDK’s Hard-Drive Head Unit Seagate Technology Holdings Plc and Toshiba Corp. are locked in a contest for TDK Corp.’s magnetic-heads business for hard-disk drives, as the two rivals try to keep pace with demand for AI data-center storage devices. Toshiba initiated talks with TDK in the spring, followed by a higher offer in the summer from Seagate, people familiar with the matter said. The acquisition is expected to be worth as much as several billion...

Seagate Is Said to Battle Toshiba for TDK’s Hard-Drive Head Unit Seagate Technology Holdings Plc and Toshiba Corp. are locked in a contest for TDK Corp.’s magnetic-heads business for hard-disk drives, as the two rivals try to keep pace with demand for AI data-center storage devices. Toshiba initiated talks with TDK in the spring, followed by a higher offer in the summer from Seagate, people familiar with the matter said. The acquisition is expected to be worth as much as several billion dollars, according to the people, who asked not to be identified as the discussions are private.
Seagate (ORG) Battle Toshiba (ORG) TDK (ORG) Hard-Drive (ORG) Seagate Technology Holdings Plc (ORG) Toshiba Corp. (ORG) TDK Corp.’s (ORG) AI (ORG) Toshiba (ORG)
Originally published by Bloomberg Technology Read original →

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