Feeds

LSI buys Infineon's disk biz

Serves Hitachi with second-hand platter

Choosing a cloud hosting partner with confidence

LSI is pushing Germany's Infineon Technologies out of its market by acquiring the company's hard drive business for an undisclosed sum.

Under the agreement, Infineon will transfer its complete HDD activities to LSI, including equipment, software, customer relations and intellectual property.

Today's announced purchase plays into LSI's master plan of selling a more complete package to hard drive manufacturers worldwide, according to LSI executive Ruediger Stroh.

"We expect the acquisition to immediately accelerate revenue with top-tier customer, Hitachi Global Storage Technologies, while enhancing our competitive position in the desktop and enterprise space," Stroh said in a statement.

Infineon chalks the deal up to further "streamlining" of its operations, and stresses the sale "does not compromise significant assets" or affect many employees.

The acquisition is expected to close in the second calendar quarter of 2008. Industry scuttlebutt places the deal at about $150m, although neither company will confirm that figure. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
The cloud that goes puff: Seagate Central home NAS woes
4TB of home storage is great, until you wake up to a dead device
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
Intel offers ingenious piece of 10TB 3D NAND chippery
The race for next generation flash capacity now on
Want to STUFF Facebook with blatant ADVERTISING? Fine! But you must PAY
Pony up or push off, Zuck tells social marketeers
Oi, Europe! Tell US feds to GTFO of our servers, say Microsoft and pals
By writing a really angry letter about how it's harming our cloud business, ta
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.