Seagate and Toshiba Reportedly Eye TDK's HDD Head Business

Bloomberg reported that Seagate and Toshiba held preliminary talks to acquire TDK's hard drive recording head business in a potential multibillion-dollar deal. TDK said no decisions have been made, and Toshiba denied three-way discussions took place. AI-driven nearline demand lifted TDK's segment sales 17.6% to ¥262.9 billion.

• Toshiba opened talks in spring; Seagate followed with a higher summer offer
• TDK is the only independent HDD head supplier with 15–20% global share
• TDK segment sales rose 17.6% to ¥262.9 billion in FY2026
• Toshiba sources all its heads from TDK, including HAMR development