Samsung Selling Its Hard Drive Division

According to the Wall Street Journal, Samsung is selling its hard drive division.

This division, which only has a 10% share of the market, is up for sale at USD 1.5bn, with Samsung looking at offers over USD 1bn.

Seagate seems a likely candidate as it's looking to extend its influence in the face of competition from Western Digital who have a market share of more than 50%.

Samsung is looking to refocus its activities on other growth sectors. Leader in the manufacture of memory chips, it seems likely that it will be going all out to promote its SSDs.