SAN JOSE, Calif. - Samsung Electronics Co. Ltd. is mulling plans to sell its loss-ridden hard disk drive business, according to The Wall Street Journal. That report can be seen here.
There is a wave of consolidation in disk drives. In 2009, for example, Toshiba Corp. acquired Fujitsu Ltd.'s loss-making hard-disk drive business.
In March, Western Digital announced plans to acquire Hitachi Global Storage Technologies in a deal that could make it the world's largest hard disk drive maker, leapfrogging longtime giant Seagate Technology.
There are reports that Seagate is looking at Samsung's hard drive business.
Instead, Samsung reportedly may want to put more focus on its solid-state storage drive (SSDs) business. Samsung is the market leader in SSDs. The company sells SSDs based on its own NAND devices.
It is also a second-tier player in HDDs, which are losing ground. Hard drive shipments in the first quarter of 2011 are anticipated to reach 160.9 million units, down about for percent from 167.5 million in the fourth quarter of 2010, according to a recent report from HIS iSuppli.