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New agreement for Seagate and Samsung

Disk drive producer Seagate Technology and Samsung Electronics have expanded their existing relationship.

The new agreement will see Samsung combining its hard disk drive operations into Seagate and receiving 'significant' equity ownership in Seagate. Samsung will provide Seagate with semiconductor products for use in a variety of Seagate products, while Seagate will supply disk drives to Samsung for PCs, notebooks and consumer electronics.

Author: The Fonecast
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