- Seagate should buy Intevac, a Hamr Drive production specialist
- Hamr is considered the technology that will lead to 100 to +
- This decision is a blow for Western Digital and the HAMR plans of Toshiba
Seagate is underway in his quest to produce major hard drives. Towards the end of January 2025, the largest hard drive supplier in the world presented a model of 36 TB – arriving only a month after making his debut at 32 TB – and he revealed at the time that a journey of 60 TB is on the way.
Now, the company has announced its intention to acquire Intevac, a company known to manufacture spray systems that apply layers of ultra-thin equipment, such as a platinum alloy (FEPT), to disk sets hard. This advanced deposit process allows the creation of magnetic layers with higher uniformity, improved signal / noise ratios and less defects, which leads to more dense data storage. More than 65% of the world’s hard drive production is produced using Intevac systems, which corresponds to more than 50 million records per month. Technology is considered essential for perpendicular magnetic recording (PMR) and heat -assisted magnetic recording (HAMR).
Hamr, which lowers magnetic resistance by heating the reader, allows you to write smaller and more stable bits data and will probably be a key factor in hard drives reaching 100 TB capabilities. By buying Intevac, Seagate has potentially marked A great victory over his rivals. Seagate is the main customer of Intevac, but Western Digital is also one, and he, with Toshiba, has HAMR readers in progress.
Unanimously
The final agreement will see Seagate Acquire Intevac in a transaction in all low for $ 4 per share. Intevac will also pay a single special dividend of $ 0.052 per share (bringing the overall counterpart to Intevac shareholders at $ 4.052 per share). In addition, the Intevac board of directors declared a regular quarterly dividend of $ 0.05 per share, which will be paid on March 13, 2025 to the shareholders of Intevac.
Following this decision, Intevac will no longer appeal to the results, which had been set for February 25.
Intevac’s board of directors has unanimously approved (and not surprisingly) the transaction and recommended that all shareholders offer their actions in the offer.
The acquisition should close at the end of March or early April 2025, although, as Blocks and files underlines: “Digital western or resonac [which counts Toshiba as a customer] Or the two could oppose the agreement on reduced competition reasons, which could delay its completion or even prevent the transaction from taking place. »»
This is unlikely of course – Seagate would not have advanced with the acquisition if his lawyers provided problems of this magnitude.
Seagate will be able to increase HAMR DRIVE production after the acquisition, but this decision could hinder Western Digital and Toshiba efforts in this department, as it would mean buying the spraying tools they need Seagate, a major rival .
