US top maker of disk drives for computers, portable storage devices and consumer electronics, Western Digital Corp., has reportedly acquired some assets of Japanese glassmaker Hoya Corp. for USD 235 m…
US top maker of disk drives for computers, portable storage devices and consumer electronics, Western Digital Corp., has reportedly acquired some assets of Japanese glassmaker Hoya Corp. for USD 235 million. The cash deal, which was announced the last week of April, is expected to close during the current quarter. The acquisition will help Western Digital maintain a steady supply of glass for its 2.5-inch disk drives, which are used primarily in notebook computers and netbooks. Hoya is the biggest supplier of glass substrates, which are applied as a thin layer on the spinning magnetic disks that make up the bulk of a drive. “The acquisition will augment Western Digital“s existing magnetic media operations, strengthening its ability to meet anticipated growth in demand for hard drives in the years ahead,” the company said in a statement. Western Digital will also get Hoya“s Singapore facilities, intellectual property and some research and development offices in Nagasaka, Japan as part of the deal.