Seagate/Samsung alliance

Seagate and Samsung have agreed to expand and strengthen their relationship by further aligning their ownership, investments and key technologies.

Major elements of the agreement include: Samsung combining its hard disk drive (HDD) operations into Seagate; extending and enhancing the existing patent cross-licence agreement between the companies; a NAND flash memory supply agreement under which Samsung will provide Seagate with its semiconductor products for use in Seagate’s enterprise solid state drives, solid state hybrid drives and other products; a disk drive supply agreement under which Seagate will supply disk drives to Samsung for PCs, notebooks and consumer electronics; expanded cooperation between the companies to co-develop enterprise storage solutions; Samsung receiving significant equity ownership in Seagate; a shareholder agreement under which an executive of Samsung will be nominated to join Seagate’s board of directors.