Toshiba reportedly plans to double hard disk drive supply
WDC•Toshiba reportedly plans to double hard disk drive production capacity for AI data centers within fiscal 2027. Western Digital shares fell 10.2% and Seagate Technology shares fell 11.3%.
1. Storage shares decline
Shares of Western Digital fell 10.2%, while Seagate Technology shares slid 11.3%, after a report said Toshiba plans to double production capacity for hard disk drives used in AI data centers within fiscal 2027.
2. Toshiba’s market share
Toshiba competes with Western Digital and Seagate in the hard disk drive market. Its share by storage capacity is just over 10%, and it aims to reach 30% in the medium term, the report said. Up to the prior close, Western Digital had risen about 169% and Seagate about 243% this year.
