Seagate Technology
Data storage company Seagate Technology Holdings plc is based in the United States. It started operating in 1979 after being incorporated in 1978 under the name Shugart Technologies. Since 2010, the business has maintained its operating headquarters in Fremont, California, and is incorporated in Dublin, Ireland.
In 1980, Seagate created the 5-megabyte ST-506, the first 5.25-inch hard disk drive (HDD). They were a significant provider in the 1980s microcomputer market, particularly following the 1983 release of the IBM XT. A large portion of their expansion has come from the acquisition of rival businesses. Imprimis, a branch of Control Data Corporation that produced HDDs, was purchased by Seagate in 1989. Maxtor in 2006, Conner Peripherals in 1996, and Samsung's HDD division in 2011 were all acquired by Seagate. Now, Seagate and Western Digital, rivals, control the majority of the HDD industry.
The market capitalization of Seagate Technologies was $12.72 billion as of March 2023. By market cap, Seagate Technology is now the 1207th most valuable corporation in the world. The most recent financial reports from Seagate Technology show that the company's current revenue (TTM) is $9.35 billion. The company generated $11.97 billion in revenue in 2021, a rise from $10.17 billion in revenue in 2020.
Founded: November 1, 1979
Headquarters:
- Dublin, Ireland
- Fremont, California, United States
Website: www.seagate.com
