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Print 6 comment(s) - last by MarkHark.. on Mar 26 at 8:20 AM
Seagate expands its R&D facilities with more than 2000 new employees

Seagate, the company that introduced full-drive encryption and the first perpendicular notebook drives announced that it is injecting roughly $300 million into Singapore. The money will be spent expanding Seagate's R&D capacity. According to reports, Seagate is planning to add roughly 1500 to 2000 new employees as well as an additional 200 R&D focused engineers and scientists.

Seagate's Singapore team has been primarily focused on developing technologies for the 1-inch market. Interestingly, Maxtor -- which was acquired by Seagate last year -- previously had roughly 2000 people working in Singapore, which was not discussed.

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Headline is wrong
By timmiser on 3/24/2006 2:56:43 AM , Rating: 2
Seagate has been in Singapore for at least 10 years if not longer. That has always been their primary assembly plant. Thailand and Malaysia are also big manufacturing locations for them.

They are merely expanding their existing facility.




RE: Headline is wrong
By Samus on 3/24/2006 4:35:24 AM , Rating: 3
Seagate also had a Irelang plant they recently cut staff at by 40%

I guess the asian's work cheaper.


RE: Headline is wrong
By Shawshank on 3/24/2006 7:20:21 PM , Rating: 2
There's a few factors really.

1) Europeans and Americans knocked off at work at the desinated time but Asians work longer hours.
2) Cheaper? Perhaps but Singapore's Wage are pretty high by ASEAN standards.
3) Stable government.

Cheers.


RE: Headline is wrong
By Zoomer on 3/25/2006 8:30:58 PM , Rating: 2
Most likely tax breaks or rebates by the EDB.


Maxtor in Singapore too
By Zoomer on 3/25/2006 8:31:49 PM , Rating: 2
Just a note, maxtor has facilities in Singapore too.




So Maxtor is no more...
By MarkHark on 3/26/2006 8:20:09 AM , Rating: 2
I didn't know Seagate had even plans to acquire Maxtor... Since Maxtor itself bought Quantum a few years back, does this mean we have only 3 options to choose from now on (Seagate, WD, Samsumg)?
No, I did not forget Hitachi/IBM at all, I simply do not consider it a viable buying option (*remembers DeathStar and IBM's official stance about the subject*), EVERMORE!!!




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