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Seagate to acquire NAND flash maker, report says

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Posted July 1, 2008 by admin in News

Seagate doesn’t have these close ties, or a production of its own, which is why analysts have started to speculate on where it will get the chips from, perhaps from buying Intel’s share of the joint Intel Micron venture. The only problem with such an affair is that both Intel and Micron are happy with the joint venture and a buy-out would cost Seagate something in the order of $1 billion and more.

Another possibility would be to acquire SanDisk, which focuses on making entry-level solid state drives, but is a major player on the overall NAND flash market. If it will be SanDisk, Hynix or any other flash maker remains to be seen, but we wouldn’t be surprised if Seagate announces the acquisition of a flash company soon.

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