Seagate Technology Holdings (STX) Eyes TDK HDD Head Deal As AI Storage Demand Builds

Seagate Technology Holdings (NasdaqGS: STX) and Toshiba are in talks to acquire TDK’s hard disk drive magnetic head business. The potential transaction would transfer TDK’s HDD magnetic head operations, a key component in high capacity storage devices, to the two buyers. The discussions come as demand for AI data storage puts extra focus on securing core HDD technologies and supply chains. The proposed purchase of TDK’s HDD magnetic head unit by Seagate and Toshiba only captures one angle of...