History (1996): IBM Invests Half Billion Dollar in HDDs

IBM Corp. (San Jose, CA) announced an incremental $500 million capital investment to increase its manufacturing volume of disk drives and components.

The first of the capacity increases will come on-line later this year with total manufacturing volumes jumping 60% by 1998.

Expansion will include augmented volumes in San Jose (CA), Szekesfehervar (Hungary), Guadalajara (Mexico) and Singapore.

This internal investment indicates that Big Blue has no intention of acquiring one of its competitors, as some analysts initially predicted:::

This article is an abstract of news published on the former paper version of Computer Data Storage Newsletter on issue 98, published on March 1996.