Seagate and Western Digital shares dropped in premarket trading after reports that Toshiba plans to double hard disk drive supply. Toshiba intends to invest $380 million in the Philippines to expand facilities for AI infrastructure components, marking its first major HDD investment in five years. The company is also developing products with higher per-unit memory capacity.
Seagate, Western Digital dive amid report that Toshiba aims to boost hard disk drive supply
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