Seagate to pull out of Singapore? and enlarge production in china
Seagate Technology LLC (NASDAQ: STX | Quote | Chart | News | PowerRating) will move its Singapore-based factory to China in 2010, as an effort to cut manufacturing costs and raise profitability, according to Banseng Teh, the hard disk giant’s manager director for Asia Pacific sales.
The Singapore factory will be closed next yearend, with its high-end corporate products to be manufactured by Seagate’s factory in Suzhou City, east China. Besides, the company is set to add its investments in China, where the PC consumption is rising and many laptop makers have set up their affiliates, according to Mr. Teh.
He estimated a USD 1 billion market size for the world’s industry of solid state disks (SSDs), which are mainly used by companies, compared to the hard disk drive (HDD) market size of USD 27 billion to USD 30 billion.
As early as 2007, Seagate established its first China-based HDD assembly factory in Wuxi City, and the factory has become one of the company’s biggest HDD production bases by far.
Related posts:
- Seagate Technology to lay off 2,000 employees in Singapore
- Ongoing Restructuring/Retrenchment at Seagate Singapore (Update 6)
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