"everything goes to flash"
Christopher Rolland -- Analyst
Hi. Thanks for the question. My question is actually on storage. And Hock, you bought Seagate's hard disk drive SoC assets earlier in the year.
Can you talk about what you actually bought there, what it means in terms of economics for your company, and whether this accelerates your storage business over the next few years? Thanks.
Hock E. Tan -- President, Chief Executive Officer, and Director
Well, this is more of a partnership than anything else. Basically, what we essentially created in that transaction, to begin with, we actually believe long term in the sustainability of hard disk drive medium as a great long-term sustainable storage, alternative storage medium for those hyperscalers. It makes sense. Likely, eventually, everything goes to flash.
PS
I remember.
I asked the Thomas & Betts rep why they bought Zinsco, maker circuit breaker junk.
To drain every last nickel out of existing manufacturing assets.
HDD = Zinsco. |
