Western Digital boosts SSD cred with $340 million sTec acquisition

Western Digital has clearly made a name for itself in the magnetic drive space, but it's hardly the go-to brand when it comes to SSDs. WD's betting that'll soon change, though, thanks to a $340 million investment. That sum will be used to acquire sTec Inc., a US-based SSD manufacturer best known for its enterprise solid-state drives (and a recent insider trading scandal). The company will fall under HGST, a WD wholly owned subsidiary, and will likely continue focusing its efforts on SSDs designed for business use -- serving up ones and zeroes in servers and data centers, for example. Catch a few more deets at the source link just below.

Filed under: Storage

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Source: Reuters

Source: http://www.engadget.com/2013/06/24/western-digital-stec-ssd/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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