- HGST has renewed the joint venture agreement with 4DS Memory (4DS) for the eighth consecutive year
- The joint venture agreement between the companies enhances the evolution of 4DS’ data storage and memory technology
- The renewal is well ahead of the June 30 renewal date and extends the partnership for another 12 months
- On the market this morning, 4DS is up 3.85 per cent and is trading at 13.5 cents per share
HGST has renewed the joint venture agreement with 4DS Memory (4DS) for the eighth consecutive year.
HGST is a subsidiary of Western Digital Corporation, an American computer hard disk drive manufacturer and data storage company.
The renewal is well ahead of the June 30 renewal date and extends the partnership for another 12 months.
The joint venture agreement between the companies enhances the evolution of 4DS’ data storage and memory technology.
CEO and Managing Director Dr Guido Arnout is happy with the renewal.
“We are very pleased that Western Digital and HGST have renewed our joint development agreement following a review of our significant progress during the past twelve months,” he said.
“This progress includes the second platform lot currently in the final fabrication stage at imec that we will receive in early June for analysis,” he added.
Over the March quarter, 4DS spent the majority of its time focussed on its second non-platform lot of wafers.
The company completed testing on the wafers in February, recording the same key memory characteristics results from testing of its first non-platform lot.
On the market this morning, 4DS is up 3.85 per cent and is trading at 13.5 cents per share at 10:55 am AEST.