Seagate Technology Holdings plc (NASDAQ:STX) UBS Global Technology and AI Conference December 3, 2024 3:35 PM ET
Company Participants
Dave Mosley – CEO
Conference Call Participants
Timothy Arcuri – UBS Securities LLC
Timothy Arcuri
Okay, we’re going to start. I’m Tim Arcuri. I’m the Semiconductor Analyst here at UBS. Very happy to have Seagate with us, and we have Dave Mosley with us. Thanks, Dave. Dave is the CEO from Seagate.
Dave Mosley
Thanks Tim. We’ve got some just forward looking statements. Check out our SEC filings on our website and I want to talk about an 8-K that came out this morning, just to clarify a couple points, and hopefully that will inspire some questions that you can come up with. So first on, HAMR qualification, which is our new product introduction. So think 30 plus terabytes, three terabytes per disk. We’ve completed our first qualification with our lead CSP. So we had a few other quals done already, but the lead CSP has been a long ordeal for us, and part of it’s because if you think about cloud qualification, the cloud drives are going to last for a long time, seven years, 24/7 operations. It’s a tough environment. The industry has done a really nice job at responding to that, but we’re proud to have gotten through this point, and we’re going to start shipping initial volumes as well in the coming weeks. So happy about that.
On the flip side, we also in the 8-K we said that we’ve got some production issues, and this got to be a little bit explanatory about what exactly is going on. So as we — we’re not adding capacity, but we’re bringing capacity back online. That’s the way to think about it. We have been for the last nine months, as we’ve done that, we had some issues just
Read the full article here
