Seagate Technology Holdings and Toshiba are competing to acquire Todeneca's hard disk head business. Both rivals hope to use this to keep up with the growing demand for AI data center storage devices. People familiar with the matter revealed that Toshiba first started negotiations with TDK in the spring of this year, then Seagate offered a higher offer in the summer. The relevant negotiations are still in the confidential phase. People familiar with the matter requested anonymity and said that the acquisition deal is expected to be worth several billion dollars. The winner of this deal will control a critical part of the supply chain. Currently, the hard drive market is dominated by three companies, and this business is an important part of maintaining the competitive pattern of the industry. TDK is the only independent manufacturer of hard disk magnetic recording heads. The magnetic head is the core component responsible for reading and writing data in the hard disk, and it is also supplied to the two current bidders and Western Digital. Representatives from Seagate and TDK declined to comment, and a Toshiba spokesperson has yet to respond to the inquiry.

Seagate Technology Holdings and Toshiba are competing to acquire Todeneca's hard disk head business. Both rivals hope to use this to keep up with the growing demand for AI data center storage devices. People familiar with the matter revealed that Toshiba first started negotiations with TDK in the spring of this year, then Seagate offered a higher offer in the summer. The relevant negotiations are still in the confidential phase. People familiar with the matter requested anonymity and said that the acquisition deal is expected to be worth several billion dollars. The winner of this deal will control a critical part of the supply chain. Currently, the hard drive market is dominated by three companies, and this business is an important part of maintaining the competitive pattern of the industry. TDK is the only independent manufacturer of hard disk magnetic recording heads. The magnetic head is the core component responsible for reading and writing data in the hard disk, and it is also supplied to the two current bidders and Western Digital. Representatives from Seagate and TDK declined to comment, and a Toshiba spokesperson has yet to respond to the inquiry.