Western Digital Corporation has established a joint venture with Chinese Unisplendour Corporation Limited

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POSTER: computer news   ||    WESTERN DIGITAL CORPORATION HAS ESTABLISHED A JOINT VENTURE WITH CHINESE UNISPLENDOUR CORPORATION LIMITED	DATE:2016-09-11
At the end of winter, it became known that fiasco plan  a  Chinese expansion in the other "strategically important" market segment - the production of data storage devices under the brand Western Digital Corporation.  Then structures Tsinghua Unigroup holding company was denied the right to acquire 15% stake in the American company.  This week, the company Western Digital Corporation stated that the cooperation with China will continue, but only in the framework of the new joint venture Unis-WDC Storage Co.  Ltd., in which 51% of the shares will belong to Unisplendour Corporation Limited (Unis), and the remaining 49% will go to WDC. The joint venture will produce storage and archiving systems for the Chinese market, including products under the brand name HGST.  Specifically for the local market will not only create new products WDC, but also to improve existing ones.  The headquarters of the joint venture will be located in Nanjing, and the sales office will be based in Beijing. According to Reuters publication, this week has been a change in the structure of the share capital of another hard drives manufacturer -  Seagate company.  About four percent of the shares of US producer got ValueAct Capital Fund, which bought them from another Seagate investor, whose name was not called.  The right to vote the transaction representatives ValueAct Capital does not give.   Seagate shares on the background of this news has grown by 3%.  In recent years, manufacturers of hard drives suffer from reduced sales volumes of traditional drives.  WDC for risk diversification acquired the shares of SanDisk, Seagate company in the segment of solid state drives is not acting so strongly, preferring to produce hybrid solutions.   Related Products :

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Xtreview Support N-Post:xxxx Xtreview Support	WESTERN DIGITAL CORPORATION HAS ESTABLISHED A JOINT VENTURE WITH CHINESE UNISPLENDOUR CORPORATION LIMITED
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