Seagate and Toshiba are vying to acquire TDK's hard-disk head business. Toshiba began talks in spring, and Seagate followed with a higher bid in summer; the deal could reach billions of dollars. Executives met in Tokyo last week to discuss supply security and a possible joint venture, though talks are still preliminary and subject to antitrust review.
Toshiba plans to double its hard disk drive production capacity for AI data centers by fiscal 2027, investing about 600 billion yen to expand its Philippines plant, with new lines boosting maximum per-disk capacity by up to 40% and automation of inspection and cleanroom operations.