Seagate confirms HAMR product qualification for cloud segment at Wells Fargo conference

Seagate Technology announced a significant development at the Wells Fargo TMT Summit Conference on December 4, 2024. The company confirmed the successful qualification of its HAMR product for the cloud segment, which took longer than expected. Seagate plans to qualify additional customers for the HAMR product over the next few quarters, aiming for increased volume by mid-2025. This marks a positive shift in their product readiness for cloud applications. The announcement follows previous concerns about market dynamics, indicating a more optimistic outlook for Seagate's cloud product offerings.