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SAN FRANCISCO, April 19 pm news, Samsung Electronics said Tuesday it agreed to a price of 1.4 billion U.S. dollars ( in cash and stock ) to sell its disk drive business to Seagate plans to focus on the memory chip business.

two companies announced that Samsung Electronics will receive 4,520 shares of Seagate stock , worth $ 687,500,000 , representing approximately 9.6% of total share capital of Seagate ; the remainder will be paid in cash.

Western Digital had to spend 4.3 billion acquisition of Hitachi's disk drive business , has become one the world's largest hard disk manufacturers. The acquisition Samsung Seagate hard drive business , will make the market more competitive .

Samsung and Seagate said in a joint statement : Solid-state drive business development and supply system in Samsung's hard to take a more important position . Acquisition and expansion. In addition, the Samsung can also be more resources to focus on the solid-state hard drive business.

March of this year , Western Digital has agreed to 4.3 billion worth of cash and equity ,[link widoczny dla zalogowanych], the acquisition of Hitachi's hard disk business. Western Digital hard disk drive industry has since become the dominant , accounting for nearly 50 % market share. On the other hand , the market research firm iSuppli 's data show that the fourth quarter, Seagate hard drives occupy 29% market share.

Samsung Electronics is the world's largest memory chip and LCD TV makers in recent quarters, declining profits . Among them, the disk drive business is in a state of long-term losses . (D world Yan Fei )
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