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Fujitsu Terminates Business Alliance with TDK

malware

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#1
Fujitsu Limited today announced that it has come to an agreement with TDK Corporation ("TDK") to terminate their strategic business alliance in regard to hard disk drive ("HDD") heads, and in conjunction, the companies will dissolve their joint-venture agreement regarding HDD head manufacturer TDK FUJITSU Philippines Corporation ("TFPC"; 66% owned by TDK and 34% owned by Fujitsu).


1. Reason for Terminating the Business Alliance
In October 2004, Fujitsu and TDK signed a business alliance agreement on the HDD head business. In order to build a structure for technological cooperation, the two companies established the joint-venture TFPC in December 2004 to process and assemble HDD heads. Recently, however, Fujitsu decided to exit the HDD head and HDD businesses, and therefore the two companies have agreed to terminate the business alliance and dissolve the joint-venture agreement.

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WarEagleAU

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#2
Well all good things come to an end. I wonder what drives the 360 will use now that fujitsu got out
 

h3llb3nd4

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#3
And where will all those employees go?