View source for Seagate Technology

{{short description|American data storage company}}
{{Use mdy dates|date=October 2016}}
{{Use American English|date=January 2016}}
{{Infobox company
| name = Seagate Technology Holdings plc
| logo = Seagate logo.svg
| type = [[Public limited company|Public]]
| image = Seagate Headquarters Fremont.jpg
| image_size = 250px
| image_caption = Operational headquarters in Fremont, California
| traded_as = {{ubl|{{NASDAQ|STX}}|[[S&P 500]] component}}
| industry = [[Computer data storage|Computer storage]]
| predecessor = Shugart Technology
| foundation = {{start date and age|1979|11|1}} (as Shugart Technology)
| founders = {{ubl|[[Alan Shugart]]|Tom Mitchell|Doug Mahon|[[Finis Conner]]|[[Syed Iftikar]]}}
| hq_location = [[Fremont, California]], United States (operational)<br />[[Dublin]], Ireland (legal domicile)
| area_served = Worldwide
| key_people = [[Michael R. Cannon]] ([[chairman]])<br />Dave Mosley ([[Chief executive officer|CEO]])
| products = {{hlist|[[Hard disk drive]]s| [[hybrid drive]]s| [[solid-state drive]]s}}
| revenue = {{decrease}} {{US$|6.55 billion|link=yes}} (2024)
| operating_income = {{increase}} {{US$|452 million}} (2024)
| net_income = {{increase}} {{US$|335 million}} (2024)
| assets = {{increase}} {{US$|7.74 billion}} (2024)
| equity = {{increasenegative}} −{{US$|1.5 billion}} (2024)
| num_employees = 30,000 (2024)
| subsid = [[LaCie]]
| homepage = {{URL|seagate.com}}
| footnotes = Financials {{asof|2024|06|28|lc=y|df=US}}.<ref>{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1137789/000113778924000068/stx-20240628.htm |title=Seagate Technology Holdings plc. FY 2024 Annual Report (Form 10-K) |date=August 2, 2024 |publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
}}

'''Seagate Technology Holdings plc''' is an American [[Computer data storage|data storage]] company. It was incorporated in 1978 as '''Shugart Technology''' and commenced business in 1979.<ref>{{Cite news|url=https://www.nytimes.com/1983/08/09/business/business-people-seagate-technology-names-new-president.html|title=Business People; Seagate Technology Names New President|last=Cuff|first=Daniel F.|work=The New York Times |date=August 9, 1983 |access-date=2018-05-08|language=en|archive-date=November 15, 2019|archive-url=https://web.archive.org/web/20191115175046/https://www.nytimes.com/1983/08/09/business/business-people-seagate-technology-names-new-president.html|url-status=live}}</ref> Since 2010, the company has been incorporated in [[Dublin]], Ireland, with operational headquarters in [[Fremont, California]], United States.

Seagate developed the first 5.25-inch [[hard disk drive]] (HDD), the 5-megabyte [[ST-506]], in 1980. They were a major supplier in the [[microcomputer]] market during the 1980s, especially after the introduction of the [[IBM XT]] in 1983. Much of their growth has come through their acquisition of competitors. In 1989, Seagate acquired [[Control Data Corporation]]'s Imprimis division, the makers of CDC's HDD products. Seagate acquired [[Conner Peripherals]] in 1996, [[Maxtor]] in 2006, and [[Samsung Electronics|Samsung]]'s HDD business in 2011. Today, Seagate, along with its competitor [[Western Digital]], dominates the HDD market.

== History ==
[[File:Seagate logo 1986 color.svg|thumb|First Seagate logo and wordmark, used from 1986 to 2002]]
[[File:Seagate_Technology_ST-506.png|thumb|Seagate ST-506]]

=== Founding as Shugart Technology ===
Seagate Technology (then called '''Shugart Technology''') was incorporated on November 1, 1978, and commenced operations with co-founders [[Alan Shugart|Al Shugart]], Tom Mitchell, Doug Mahon, [[Finis Conner]], and [[Syed Iftikar]] in October 1979.<ref>Seagate Technology Prospectus, September 24, 1981, p.4</ref> The company came into being when Conner approached Shugart with the idea of starting a new company to develop 5.25-inch HDDs which Conner predicted would be a coming economic boom in the disk drive market.<ref name=Burton /> The name was changed to '''Seagate Technology''' to avoid a lawsuit from [[Xerox|Xerox's]] subsidiary [[Shugart Associates]] (also founded by Shugart).<ref>{{cite web|url = https://archive.computerhistory.org/resources/access/text/2013/05/102658066-05-01-acc.pdf|title = Oral History of Syed Iftikar|year = 2006|page = 17|publisher = Computer History Museum|access-date = March 9, 2013|archive-date = December 27, 2014|archive-url = https://web.archive.org/web/20141227131222/http://archive.computerhistory.org/resources/access/text/2013/05/102658066-05-01-acc.pdf|url-status = live}}</ref>

=== Early history and Tom Mitchell era ===
The company's first product, the [[ST-506]], with a storage capacity of 5 [[megabyte|megabytes]] (MB), was released in 1980. It was the first hard disk to fit the 5.25-inch form factor of the Shugart mini-floppy drive. It used a [[Modified Frequency Modulation]] (MFM) encoding<ref>{{cite magazine |url=http://www.pcworld.com/article/127105/article.html |title=Timeline: 50 Years of Hard Drives |access-date=October 7, 2013 |date=September 13, 2006 |magazine=PC World |author=Rex Farrance |archive-date=October 6, 2013 |archive-url=https://web.archive.org/web/20131006003652/http://www.pcworld.com/article/127105/article.html |url-status=live }}</ref><ref>{{cite web |url=http://www.computerhistory.org/groups/storagesig/media/docs/DS_Seagate%20ST-506.pdf |title=Seagate ST-506 |publisher=[[Computer History Museum]] |access-date=October 7, 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130702212842/http://www.computerhistory.org/groups/storagesig/media/docs/DS_Seagate%20ST-506.pdf |archive-date=July 2, 2013 |df=mdy-all}}</ref> and in the following year released a 10&nbsp;MB version, the [[ST-412]]. With this, Seagate secured a contract as a major [[Original equipment manufacturer|OEM]] supplier for the [[IBM XT]], [[IBM]]'s first personal computer to contain a hard disk.{{Citation needed|date=April 2019}} The large volumes of units sold to IBM fueled Seagate's early growth. In their first year, Seagate shipped $10 million worth of units to consumers. By 1983, the company shipped over 200,000 units for revenues of $110 million.<ref name=Burton />

In 1983, Al Shugart was replaced as president by then chief operating officer, Tom Mitchell, in order to move forward with corporate restructuring in the face of a changing market. Shugart continued to oversee corporate planning. By this point, the company had a 45% market share of the single-user hard drive market, with IBM purchasing 60% of the total business Seagate was doing at the time.<ref name=Burton>{{cite book |url=https://books.google.com/books?id=I22P2C-ydp4C&pg=PA76 |title=Seagate gears ride out into shaky mart |pages=73–76 |author=Kathleen Burton |publisher=[[Computerworld]] |access-date=October 7, 2013 |date=December 17, 1984 |archive-date=May 25, 2021 |archive-url=https://web.archive.org/web/20210525103227/https://books.google.com/books?id=I22P2C-ydp4C&pg=PA76 |url-status=live }}</ref>

In 1989, Seagate acquired Imprimis Technology, the disk storage division of [[Control Data Corporation]], resulting in a combined market share of 43%.<ref name="Imprimis">{{cite journal|last=Deacon|first=Brian|date=August 21, 1989|title=Seagate/Imprimis Deal Forces Industry Shift|journal=Electronic News|pages=1, 19}}</ref><ref>{{cite journal|date=October 1989|title=Manufacturer Profiles - Seagate Technology|journal= 1989 Disk/Trend Report - Rigid Disk Drives|pages=MFGR–16, 17}}</ref> Seagate benefited from Imprimis' head technology and reputation while Imprimis gained access to Seagate's lower component and manufacturing costs.<ref name="Imprimis" />

=== Second Al Shugart era (1990s) ===
In September 1991, Tom Mitchell resigned as president under pressure from the board of directors, with Al Shugart reassuming presidency of the company. Shugart refocused the company on its more lucrative markets, and on mainframe drives instead of external drives. He also pulled away from outsourcing component production overseas. This allowed Seagate to better keep up with demand for PCs, which increased extremely rapidly in 1993 across the market.<ref>{{cite magazine |url=https://www.bloomberg.com/news/articles/1996-03-17/al-shugart-is-in-the-disk-drivers-seat |title=AL SHUGART IS IN THE DISK DRIVER'S SEAT |access-date=October 7, 2013 |date=December 1996 |magazine=[[Businessweek]] |archive-date=August 27, 2020 |archive-url=https://web.archive.org/web/20200827181504/https://www.bloomberg.com/news/articles/1996-03-17/al-shugart-is-in-the-disk-drivers-seat |url-status=live }}</ref> This included a domestic partnership with [[Corning Inc.]], which began using a new glass-ceramic compound to manufacture disk substrates.<ref>{{cite news |url=https://www.nytimes.com/1993/04/21/business/company-news-seagate-technology-and-corning-team-up-on-disks.html |date=April 21, 1993 |access-date=June 9, 2013 |title=COMPANY NEWS; SEAGATE TECHNOLOGY AND CORNING TEAM UP ON DISKS |work=The New York Times |archive-date=July 15, 2014 |archive-url=https://web.archive.org/web/20140715190521/http://www.nytimes.com/1993/04/21/business/company-news-seagate-technology-and-corning-team-up-on-disks.html |url-status=live }}</ref> In 1991, Seagate also introduced the [[Seagate Barracuda|Barracuda]] HDD, the industry's first hard disk with a 7,200&nbsp;RPM spindle speed.<ref>{{cite book |url=https://books.google.com/books?id=-uDn9QK0lRsC&q=Barracuda+HDD+7200+1991&pg=PA24 |title=Magnetic Materials, Processes, and Devices VI: Applications to Storage and Microelectromechanical Systems (MEMS): Proceedings of the International Symposium |date=2001 |access-date=June 10, 2013 |publisher=Electrochemical Society. Electrodeposition Division, Electrochemical Society. Meeting |author=The Electrochemical Society |isbn=9781566772969 |archive-date=May 25, 2021 |archive-url=https://web.archive.org/web/20210525103225/https://books.google.com/books?id=-uDn9QK0lRsC&q=Barracuda+HDD+7200+1991&pg=PA24 |url-status=live }}</ref>

In May 1993, Seagate became the first company to cumulatively ship 50 million HDDs over its firm's history.<ref>{{cite web |url=http://digitaledge-india.com/storage-coridor_April%2028.html |title=IT Storage Brings 'New Career Avenue' |author=BS Teh |publisher=Digital Edge India |access-date=June 9, 2013 |url-status=dead |archive-url=https://web.archive.org/web/20140331020930/http://digitaledge-india.com/storage-coridor_April%2028.html |archive-date=March 31, 2014 |df=mdy-all}}</ref> The following year, Seagate Technology Inc moved from the [[Nasdaq]] stock exchange to the [[New York Stock Exchange]], trading under the ticker symbol SEG. Upon leaving, the company was the 17th-largest company in terms of trading volume on the Nasdaq exchange.<ref name=":0">{{cite news |url=https://www.latimes.com/archives/la-xpm-1994-11-23-fi-842-story.html |title=Seagate Technology to Leave Nasdaq for NYSE: Company says its departure is 'totally coincidental' with recent trading controversies |date=November 23, 1994 |access-date=June 9, 2013 |newspaper=[[Los Angeles Times]] |agency=Associated Press |archive-date=July 14, 2014 |archive-url=https://web.archive.org/web/20140714231055/http://articles.latimes.com/1994-11-23/business/fi-842_1_nasdaq-stock-market |url-status=live }}</ref> In 1996, Seagate merged with [[Conner Peripherals]] to form the world's largest independent hard-drive manufacturer.<ref>{{cite news |url=http://nl.newsbank.com/nl-search/we/Archives?p_product=PD&s_site=twincities&p_multi=SP&p_theme=realcities&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0EB5DFB44C45CCCB&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM |title=CONTINENTAL QUELLS RUMOR |newspaper=[[St. Paul Pioneer Press]] |access-date=June 10, 2013 |date=November 11, 1995 |archive-date=July 14, 2014 |archive-url=https://web.archive.org/web/20140714225521/http://nl.newsbank.com/nl-search/we/Archives?p_product=PD&s_site=twincities&p_multi=SP&p_theme=realcities&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0EB5DFB44C45CCCB&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM |url-status=live }}</ref><ref>{{cite book |url=https://books.google.com/books?id=3zBIR9flC9wC&q=Seagate+merger+Conner+1996+largest&pg=PA255 |title=The Guru Guide to Entrepreneurship: A Concise Guide to the Best Ideas from the World's Top Entrepreneurs |page=255 |access-date=June 9, 2013 |date=2002 |author=Joseph H. Boyett and Jimmie T. Boyett |publisher=John Wiley & Sons |isbn=9780471436867 |archive-date=May 25, 2021 |archive-url=https://web.archive.org/web/20210525103226/https://books.google.com/books?id=3zBIR9flC9wC&q=Seagate+merger+Conner+1996+largest&pg=PA255 |url-status=live }}</ref><ref>{{Cite news |last=Fisher |first=Lawrence M. |date=1995-09-21 |title=Seagate Agrees to Buy Conner Peripherals |url=https://www.nytimes.com/1995/09/21/business/seagate-agrees-to-buy-conner-peripherals.html |access-date=2024-03-07 |work=The New York Times |language=en-US |issn=0362-4331}}</ref> Following the merger, the company began a system of consolidating the components and production methods within its production chain of factories in order to streamline how products were built between plants.<ref>{{cite web |url=https://money.cnn.com/magazines/business2/business2_archive/2005/05/01/8259688/index.htm |date=May 1, 2005 |access-date=June 10, 2013 |publisher=CNN |title=Invasion of the Gadget Snatchers |author=G. Pascal Zachary |archive-date=July 14, 2014 |archive-url=https://web.archive.org/web/20140714225120/http://money.cnn.com/magazines/business2/business2_archive/2005/05/01/8259688/index.htm |url-status=live }}</ref>

In May 1995, Seagate Technology acquired Frye Computer Systems, a software company based in [[Boston, Massachusetts]].<ref>{{cite journal |last=van Kirk |first=Doug |title=PC managers consumed by software upgrades |journal=InfoWorld |date=1993-05-31 |page=57}}</ref> This company developed the LAN monitoring software kit ''The Frye Utilities for Networks'',<ref>{{cite journal |title=LAN monitoring software: The one that got away |journal=InfoWorld |date=1995-07-24 |page=70}}</ref> which won [[PC Magazine]]'s "Editor's Choice" award in 1995.<ref>{{cite journal |last=Leon |first=Mark |title=Seagate to buy Frye Computer |journal=InfoWorld |date=1995-05-15 |page=16}}</ref>

In 1996, Seagate introduced the industry's first hard disk with a 10,000&nbsp;RPM spindle speed, the Cheetah 4LP. <ref>{{Cite news |last=Miastkowski |first=Stan |date=January 1997 |title=World's Fastest Disk Drive |url=https://archive.org/details/BYTEVolume22NUmber01/page/n77/mode/2up?q=cheetah |url-status=dead |access-date=15 November 2024 |work=[[Byte]] Magazine |pages=48 |volume=22 |issue=1}}</ref> By 2000, this product increased to a speed of 15,000&nbsp;RPM with the release of the Cheetah 15X.<ref>{{cite book |url=https://books.google.com/books?id=SAIAAAAAMBAJ&q=Seagate+first+10,000-RPM+spindle+speed&pg=PT83 |page=80 |title=SCSI Drive Standoff |access-date=June 9, 2013 |date=October 2000 |publisher=Maximum PC |archive-date=May 25, 2021 |archive-url=https://web.archive.org/web/20210525103226/https://books.google.com/books?id=SAIAAAAAMBAJ&q=Seagate+first+10%2C000-RPM+spindle+speed&pg=PT83 |url-status=live }}</ref><ref>{{Cite web |date=7 March 2005 |title=Ten Million Cheetah 15Ks now running the Enterprise |url=https://investors.seagate.com/news/news-details/2005/Ten-Million-Cheetah-15Ks-now-running-the-Enterprise/default.aspx |access-date=15 November 2024 |website=Seagate}}</ref> In May 1997, the [[High Court of Justice]] in England awarded [[Amstrad]] PLC $93 million in a lawsuit over reportedly faulty disk drives Seagate sold to Amstrad, a British manufacturer and marketer of personal computers.<ref>{{cite news | url = https://www.nytimes.com/1997/05/10/business/seagate-to-pay-93-million-in-amstrad-suit.html?pagewanted=1 | title = Seagate to pay $93 Million in Amstrad suit | newspaper = [[The New York Times]] | access-date = 2010-01-30 | date = 1997-05-10 | archive-date = September 8, 2017 | archive-url = https://web.archive.org/web/20170908111021/http://www.nytimes.com/1997/05/10/business/seagate-to-pay-93-million-in-amstrad-suit.html?pagewanted=1 | url-status = live }}</ref> That year, Seagate also introduced the first [[Fibre Channel]] interface hard drive.<ref>{{cite web |url=http://www.infostor.com/index/articles/display/55878/articles/infostor/volume-2/issue-1/departments/news/fibre-channel-picks-up-steam-emc-joins-ranks.html |title=Fibre Channel picks up steam; EMC joins ranks |date=January 1, 1998 |access-date=June 9, 2013 |publisher=InfoStor |archive-date=July 14, 2014 |archive-url=https://web.archive.org/web/20140714212526/http://www.infostor.com/index/articles/display/55878/articles/infostor/volume-2/issue-1/departments/news/fibre-channel-picks-up-steam-emc-joins-ranks.html |url-status=live }}</ref><ref>{{cite web |url=http://www.telecompaper.com/news/sun-microsystems-introduce-storage-subsystem--120883 |title=SUN MICROSYSTEMS INTRODUCE STORAGE SUBSYSTEM |date=October 27, 1997 |access-date=June 9, 2013 |publisher=TeleComPaper |archive-date=September 24, 2015 |archive-url=https://web.archive.org/web/20150924133122/http://www.telecompaper.com/news/sun-microsystems-introduce-storage-subsystem--120883 |url-status=live }}</ref>

In 1997, Seagate experienced a downturn, along with the rest of the industry. In July 1998, Shugart resigned his positions with the company.<ref>{{cite web
 | title = Separation agreement and release, Exh 10.14 to Seagate 10K for fiscal year ending July 3, 1998
 | publisher = [[United States Securities and Exchange Commission]]
 | date = August 20, 1998
 | url = https://www.sec.gov/Archives/edgar/data/354952/0001012870-98-002215.txt
 | access-date = 2006-12-14
 | archive-date = March 1, 2017
 | archive-url = https://web.archive.org/web/20170301115904/https://www.sec.gov/Archives/edgar/data/354952/0001012870-98-002215.txt
 | url-status = live
 }}</ref> [[Stephen J. Luczo|Stephen J. "Steve" Luczo]] became the new chief executive officer, also joining the board of directors.<ref>{{cite web |url = http://www.cnet.com/news/seagate-asks-ceo-to-resign/ |title = Seagate asks CEO to resign |author = Dawn Kawamoto |website = [[CNET]] |date = July 21, 1998 |access-date = April 5, 2016 |archive-date = April 24, 2016 |archive-url = https://web.archive.org/web/20160424080635/http://www.cnet.com/news/seagate-asks-ceo-to-resign/ |url-status = live }}</ref>

=== First Steve Luczo era (1998–2004) ===
Luczo joined Seagate Technology in October 1993 as Senior Vice President of Corporate Development.<ref name="seagate_bod">{{cite web
 | url = http://www.seagate.com/about/company-information/
 | title = Company Information
 | publisher = Seagate Technology
 | access-date = April 10, 2007
 | archive-date = April 26, 2012
 | archive-url = https://web.archive.org/web/20120426231703/http://www.seagate.com/about/company-information/
 | url-status = live
 }}</ref> In March 1995, he was appointed Executive Vice President of Corporate Development and chief operating officer of Seagate Software Holdings. In 1996, Luczo led the Seagate acquisition of Conner Peripherals, creating the world's largest disk drive manufacturer and completing the company's strategy of [[vertical integration]] and ownership of key disk drive components. In September 1997, he was promoted to the positions of President and Chief Operating Officer.

In 1998, the board appointed Luczo as the new CEO and Seagate launched a restructuring effort. Historically, Seagate's design centers had been organized around function, with one product line manager in charge of tracking the progress of all programs. In 1998, Luczo and [[Chief technical officer|CTO]] Tom Porter called for an organizational redesign of design centers into core teams focused on individual projects, in order to meet the corporate objective of faster [[time to market]].<ref name="phyllis_siegel_case">{{cite web
 | url = http://wfnetwork.bc.edu/pdfs/seagate.pdf
 | title = Seagate Technology: A case (with teaching note) on the role of senior business leaders in driving work/life cultural change
 | author = Phyllis Siegel
 | publisher = The Wharton Work/Life Roundtable, A Division of the Wharton Work/Life Integration Project, [[University of Pennsylvania]]
 | year = 2001
 | access-date = April 10, 2007
 | archive-date = September 3, 2006
 | archive-url = https://web.archive.org/web/20060903115123/http://wfnetwork.bc.edu/pdfs/seagate.pdf
 | url-status = dead
 }}</ref> As the CEO, Luczo decided to increase investment in technology and to diversify into faster-growing, higher-margin businesses. He decided to implement a highly automated platform strategy for manufacturing. Between 1997 and 2004, Seagate reduced its headcount from approximately 111,000 to approximately 50,000, reduced its manufacturing factories from 24 to 11, and reduced design centers from seven to three. During this period, Seagate's output increased from approximately 9 million drives per quarter to approximately 20 million drives per quarter.

In 1998, the company's Seagate Research facility was also established in [[Pittsburgh]],<ref>{{cite news |url=http://www.bizjournals.com/pittsburgh/stories/2004/05/31/daily28.html?jst=b_ln_hl |title=Seagate to cut 3,000 jobs |date=June 3, 2004 |access-date=June 9, 2013 |publisher=[[Pittsburgh Business Times]] |archive-date=July 14, 2014 |archive-url=https://web.archive.org/web/20140714125156/http://www.bizjournals.com/pittsburgh/stories/2004/05/31/daily28.html?jst=b_ln_hl |url-status=live }}</ref> a $30 million investment that focused on future technologies and prototypes. Technology developed by the facility would include devices like the hard drive disk for Microsoft's first [[Xbox]].<ref>{{cite magazine |url=http://www.businessweek.com/stories/2002-06-23/how-seagate-got-its-groove-back |title=How Seagate Got Its Groove Back |date=June 23, 2002 |magazine=[[Businessweek]] |access-date=June 11, 2013 |archive-date=June 14, 2013 |archive-url=https://web.archive.org/web/20130614020644/http://www.businessweek.com/stories/2002-06-23/how-seagate-got-its-groove-back |url-status=dead }}</ref>

In 1999, Seagate shipped its 250 millionth hard drive.<ref name=Gomes>{{cite news |url=https://www.wsj.com/articles/SB954367776435862812 |author=Lee Gomes and Don Clark |title=Seagate Will Become Private In Complex $20 Billion Deal |newspaper=[[Wall Street Journal]] |access-date=June 10, 2013 |date=March 30, 2000 |archive-date=March 11, 2016 |archive-url=https://web.archive.org/web/20160311124720/http://www.wsj.com/articles/SB954367776435862812 |url-status=live }}</ref>

In May 1999, Seagate sold its Network & Storage Management Group (NSMG) to [[Veritas Software]] in return for 155 million shares of Veritas' stock. With this deal, Seagate became the largest shareholder in Veritas, with an ownership stake of more than 40%.<ref name="franklincollege_coddington_seagate">{{cite web
 |url             = http://www.franklincollege.edu/pwp/hcoddington/Seagate.pdf
 |title           = Seagate Technology Buyout
 |author1         = Melissa Bockhold
 |author2         = Heather Coddington
 |author3         = Laura Duerstock
 |author4         = Ali Wampler
 |name-list-style = amp
 |publisher       = [[Franklin College (Indiana)|Franklin College]]
 |date            = March 22, 2006
 |access-date      = April 10, 2007
 |url-status      = dead
 |archive-url      = https://web.archive.org/web/20070927064627/http://www.franklincollege.edu/pwp/hcoddington/Seagate.pdf
 |archive-date     = September 27, 2007
 |df              = mdy-all
}}</ref>

=== Re-privatization (2000) ===
In 2000, Seagate became a private company again. Luczo led a management buyout of Seagate, believing that Seagate needed to make significant [[capital investment]]s to achieve its goals. He decided to turn the company private, since disk drive producers had a hard time obtaining capital for long-term projects.<ref name="harvard_seagate_2002">{{cite journal
 | author1 = Gregor Andrade
 | author2 = Todd Pulvino
 | author3 = Stuart C. Gilson
 | title = Seagate Technology Buyout
 | publisher = [[Harvard Business School Publishing]]
 | date = March 12, 2002
 | url = http://harvardbusinessonline.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=201063
 | access-date = April 10, 2007
 | journal = Harvard Business Online
 | archive-date = April 19, 2006
 | archive-url = https://web.archive.org/web/20060419211551/http://harvardbusinessonline.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=201063
 | url-status = live
 }}</ref> The company was [[Incorporation (business)|incorporated]] in [[Grand Cayman]] and stayed private until it re-entered the [[Public company|public market]] in 2002.<ref name="orfes">{{cite news |date=October 12, 2002 |title=Seagate to go public again, the Scotts Valley disk-drive maker, which went private two years ago, now seeks $1 billion through sales of shares |newspaper=[[San Jose Mercury News]] |url=http://nl.newsbank.com/nl-search/we/Archives?p_product=SJ&s_site=mercurynews&p_multi=SJ&p_theme=realcities&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0F6A4D04142DADE2&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM |url-status=live |access-date=June 11, 2013 |archive-url=https://web.archive.org/web/20140714232513/http://nl.newsbank.com/nl-search/we/Archives?p_product=SJ&s_site=mercurynews&p_multi=SJ&p_theme=realcities&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0F6A4D04142DADE2&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM |archive-date=July 14, 2014}}</ref>

In early November 1999, Luczo met with representatives of [[Silver Lake Partners]] to discuss a major restructuring of Seagate. After two failed attempts to increase Seagate's stock price and unlock its value from Veritas, Seagate's board of directors authorized Luczo to seek advice from [[Morgan Stanley]] in October 1999. In early November 1999, Morgan Stanley arranged a meeting between Seagate executives and representatives of Silver Lake Partners.<ref name="harvard_seagate_2002"/> On November 22, 2000, Seagate management, Veritas Software, and an investor group led by Silver Lake closed a complex deal that [[Privatization|privatized]] Seagate. At the time, this was the largest buyout ever of a technology company.<ref>{{cite web
 |url         = http://www.silverlake.com/content.php?page=investments-portfolio&id=9
 |title       = Investments Portfolio: Seagate
 |publisher   = [[Silver Lake Partners]]
 |access-date  = April 10, 2007
 |url-status  = dead
 |archive-url  = https://web.archive.org/web/20070502061553/http://www.silverlake.com/content.php?page=investments-portfolio&id=9
 |archive-date = May 2, 2007
 |df          = mdy-all
}}</ref><ref>{{cite press release
 |title       = Seagate, VERITAS Software and Investor Group Led by Silver Lake Partners Announce Landmark $19 Billion Transaction
 |publisher   = [[Silver Lake Partners]]
 |date        = March 29, 2000
 |url         = http://www.silverlake.com/content.php?page=news-release&id=21
 |access-date  = April 10, 2007
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20061231193748/http://silverlake.com/content.php?page=news-release&id=21
 |archive-date = December 31, 2006
 |df          = mdy-all
}}</ref> The total deal, worth about $20 billion, included the sale of its disk-drive operations for $2 billion to an investor group led by [[Silver Lake Partners]]. The goal of the deal was to unlock the value of the 33% ownership stake Seagate had in Veritas, which had put the value of Seagate's stock at around $33 billion even though its market cap was only $15 billion.<ref name=Gomes />

Following the relocation to the [[Cayman Islands]] in 2000, the legal name of a holding company was simplified to '''Seagate Technology'''. The ''de facto'' operational company, incorporated in Delaware, became a [[limited liability company]] (LLC) named '''Seagate Technology LLC''' and operates to this day as such.<ref>[https://www.seagate.com/legal/website-use-terms-and-conditions/ Seagate Website Use Terms and Conditions]</ref>

Both the Stanford Graduate School of Business and the Harvard Business School have written multiple case studies on the Seagate buyout and turnaround. In addition, several leading management books{{Which|date=November 2022}} cite the Seagate turnaround.

=== Re-emerging as a public company (2002–2010) ===
Luczo became the chairman of the board of directors of Seagate Technology on June 19, 2002. In 2003, he accepted an invitation from the New York Stock Exchange to join its Listed Companies Advisory Committee.<ref>{{cite web
 |url         = http://www.seagate.com/ww/v/index.jsp?locale=en-US&name=Seagate_CEO_Steve_Luczo_Joins_NYSE_Advisory_Committee&vgnextoid=895f27602304e010VgnVCM100000dd04090aRCRD
 |title       = Seagate CEO Steve Luczo Joins NYSE Advisory Committee
 |publisher   = Seagate Technology
 |date        = April 14, 2003
 |access-date  = April 10, 2007
 |url-status  = dead
 |archive-url  = https://web.archive.org/web/20070926234528/http://www.seagate.com/ww/v/index.jsp?locale=en-US&name=Seagate_CEO_Steve_Luczo_Joins_NYSE_Advisory_Committee&vgnextoid=895f27602304e010VgnVCM100000dd04090aRCRD
 |archive-date = September 26, 2007
 |df          = mdy-all
}}</ref>

In 2003, Seagate re-entered the HDD market for [[Laptop|notebook computers]] and provided the 1-inch hard drives for the first [[iPod]]s. This led to a trend of digital devices being created with progressively more and more memory, especially in cameras and music devices.<ref>{{cite news |url=https://news.google.com/newspapers?id=mIZIAAAAIBAJ&pg=6548,4254037&dq=seagate+2003+laptop+market&hl=en |title=Seagate says it isn't worried about flash memory chips |author=Corilyn Shropshire |access-date=June 12, 2013 |date=October 27, 2005 |newspaper=[[Pittsburgh Post-Gazette]] |archive-date=May 25, 2021 |archive-url=https://web.archive.org/web/20210525103227/https://news.google.com/newspapers?id=mIZIAAAAIBAJ&pg=6548%2C4254037&dq=seagate+2003+laptop+market&hl=en |url-status=live }}</ref> In September 2004, ''[[The New York Times]]'' called Seagate "the nation's top maker of hard drives used to store data in computers", following the company forecasting its quarterly revenue above Wall Street estimates.<ref>{{cite news |url=https://query.nytimes.com/gst/fullpage.html?res=940CE0DA1630F93BA3575AC0A9629C8B63 |title=Technology Briefing &#124; Hardware: Seagate Forecasts Revenue Above Estimates |date=September 8, 2004 |access-date=June 13, 2013 |newspaper=[[The New York Times]] |archive-date=July 14, 2014 |archive-url=https://web.archive.org/web/20140714232644/http://query.nytimes.com/gst/fullpage.html?res=940CE0DA1630F93BA3575AC0A9629C8B63 |url-status=live }}</ref>

In 2004, the company separated the roles of chairman and CEO. Luczo resigned as the Seagate CEO on July 3, but retained his position as chairman of the board of directors.<ref name="seagate_bod"/> Bill Watkins became CEO.

At the beginning of 2006, ''[[Forbes]]'' magazine named Seagate its Company of the Year as the best managed company in the United States. ''Forbes'' wrote that, "Seagate is riding the world's gadget boom. Its 1-inch drives are the archives for cameras and MP3 players." It also credited Seagate as being the company that "sparked the personal computer revolution 25 years ago with the first 5.25-inch hard drive for the PC".<ref>{{cite web |title=Drive Fast, Drive Hard |url=https://www.forbes.com/free_forbes/2006/0109/092.html |date=January 9, 2006 |access-date=June 12, 2013 |author=Erika Brown |work=[[Forbes]] |archive-date=May 26, 2013 |archive-url=https://web.archive.org/web/20130526072655/http://www.forbes.com/free_forbes/2006/0109/092.html |url-status=dead }}</ref>

In April 2006, Seagate announced the first professional Direct-To-Disc [[digital cinema]] [[professional video camera]] aimed at the [[independent film|independent filmmaking]] market. This technology used Seagate's HDDs.<ref>{{cite press release
 | title = Seagate Hard Drives Enable World's First Digital Cinema Camera With Direct-To-Disc. Recording
 | date = March 2005
 | publisher = Seagate
 | url=http://www.seagate.com/cda/newsinfo/newsroom/releases/article/0,1121,3148,00.html
 | access-date = 2006-11-22}}</ref>

In 2007, Seagate created the [[hybrid drive]] concept.<ref>{{cite magazine |url=https://www.pcmag.com/article2/0,2817,1973121,00.asp |title=Seagate Launches First Hybrid Hard Drive |magazine=[[PC Magazine]] |access-date=June 12, 2013 |date=June 6, 2007 |author=Bary Alyssa Johnson |archive-date=July 14, 2014 |archive-url=https://web.archive.org/web/20140714182110/http://www.pcmag.com/article2/0,2817,1973121,00.asp |url-status=live }}</ref>

In 2007, Seagate announced the "phase out" of [[parallel ATA]] hard disk drives by early 2008.<ref>{{cite magazine
 |url=https://www.computerworld.com/article/1584300/seagate-confirms-phase-out-of-pata-disk-drives.html
 |title=Seagate confirms 'phase out' of PATA disk drives |date=Jul 30, 2007 |magazine=Computerworld |access-date=October 29, 2024}}</ref>

In April 2008, Seagate was the first to ship one billion HDDs. According to [[CNet|''CNET'']], it took 17 years to ship the first 100 million and 15 years to ship the next 900 million.<ref>{{cite web |url=http://news.cnet.com/8301-17938_105-9932248-1.html |title=Seagate: 1 billion hard drives and counting |author=Rueben Lee |access-date=June 12, 2013 |date=April 30, 2008 |publisher=[[CNet]] |archive-date=October 7, 2008 |archive-url=https://web.archive.org/web/20081007055602/http://news.cnet.com/8301-17938_105-9932248-1.html |url-status=live }}</ref> In 2009, Bill Watkins was released from employment as CEO.<ref>{{cite web|url=http://www.siliconbeat.com/2009/02/10/ousted-seagate-ceo-to-get-5m-company-wont-contest-any-unemployment-claim|title=SiliconBeat – Ousted Seagate CEO to get $5M; company won't contest any unemployment claim|work=siliconbeat.com|access-date=October 8, 2010|archive-date=December 7, 2010|archive-url=https://web.archive.org/web/20101207045917/http://www.siliconbeat.com/2009/02/10/ousted-seagate-ceo-to-get-5m-company-wont-contest-any-unemployment-claim/|url-status=live}}</ref>

On August 27, 2008, Seagate's stock listing was transferred to the [[NASDAQ Global Select Market]] (NASDAQ-GS large cap), trading under the same ticker symbol, STX.

=== Second Steve Luczo era (2009–2017) ===
In January 2009, Luczo was asked by the Seagate Board to return as CEO of the company, replacing Bill Watkins. As of the date of his hiring, Seagate was losing market share, facing rapidly declining revenues, was lagging in product delivery with high manufacturing costs, had an excessive operating expense structure, and had $2 billion of debt that was due within 2 years. The company's market value was less than $1.5 billion.

Luczo revamped the entire management team, and quickly reorganized the company back to a functional structure after a failed attempt to organize by business units in 2007. Led by a new Head of Sales (Dave Mosley), a new head of Operations and Development (Bob Whitmore), and a new CFO (Pat O'Malley), the team worked to address the multitude of challenges that it faced. By the end of 2009, the company had refinanced its debt and had begun to turn around its operations. In 2010, Seagate reinstated its dividend and began a [[share repurchase|stock buyback]] plan.

In 2010, Seagate announced that it was moving its headquarters and most of its staff from Scotts Valley to Cupertino, California.<ref>{{cite web|url=http://www.santacruzsentinel.com/ci_15367946|title=Seagate plans to move Scotts Valley employees to Cupertino|work=santacruzsentinel.com|access-date=December 26, 2012|archive-date=January 16, 2013|archive-url=https://web.archive.org/web/20130116003031/http://www.santacruzsentinel.com/ci_15367946|url-status=live}}</ref>

In June 2010, Seagate released the world's first 3&nbsp;TB hard drive.<ref>{{cite web
 |url=http://www.hexus.net/content/item.php?item=25296
 |title=Seagate introduces world's first 3TB hard drive
 |work=hexus.net|date=June 30, 2010
 |access-date=January 3, 2011
 |archive-date=December 26, 2010
 |archive-url=https://web.archive.org/web/20101226124011/http://www.hexus.net/content/item.php?item=25296
 |url-status=live
}}</ref> That September, Seagate released the first portable 1.5&nbsp;TB hard drive.<ref>{{cite news
 |url=https://www.washingtonpost.com/wp-dyn/content/article/2010/09/23/AR2010092306805.html
 |newspaper=The Washington Post
 |first=Melissa J.
 |last=Perenson
 |title=Seagate's 1.5TB GoFlex Portable Drive Packs Monster Storage Into a Small Space
 |date=2010-09-27
 |access-date=September 11, 2017
 |archive-date=September 16, 2016
 |archive-url=https://web.archive.org/web/20160916003335/http://www.washingtonpost.com/wp-dyn/content/article/2010/09/23/AR2010092306805.html
 |url-status=live
}}</ref>

In July 2011, the company changed its country of incorporation from the Cayman Islands to Ireland.<ref>Seagate 10Q, May 5, 2010</ref><ref>{{cite web|url=http://www.seagate.com/ww/v/index.jsp?locale=en-US&name=incorporation-seagate-cayman-islands-pr&vgnextoid=4fca48921c499210VgnVCM1000001a48090aRCRD|title=News -Seagate|work=seagate.com|access-date=August 16, 2011|archive-date=March 24, 2012|archive-url=https://web.archive.org/web/20120324185428/http://www.seagate.com/ww/v/index.jsp?locale=en-US&name=incorporation-seagate-cayman-islands-pr&vgnextoid=4fca48921c499210VgnVCM1000001a48090aRCRD|url-status=live}}</ref> Since then, the holding company became a [[public limited company]] (PLC) named '''Seagate Technology plc'''.

In December 2011, Seagate acquired Samsung's HDD business.<ref>{{cite press release|url=http://media.seagate.com/2011/12/seagatetechnology/seagate-completes-acquisition-of-samsung%E2%80%99s-hard-disk-drive-business/ |title= Seagate Completes Acquisition of Samsung's Hard Disk Drive Business |date= December 19, 2011 |archive-url= https://web.archive.org/web/20130116003656/http://media.seagate.com/2011/12/seagatetechnology/seagate-completes-acquisition-of-samsung%E2%80%99s-hard-disk-drive-business/ |archive-date= 2013-01-16 |work= seagate.com}}</ref> Seagate also acquired a license to use Samsung trademark on HDD products for 5 years; after license expired, Seagate rebranded all Samsung-branded external HDD products to Maxtor, a company that Seagate acquired at the end of 2005.<ref>{{Cite web |date=2005-12-21 |title=Seagate buys Maxtor for about $1.9 billion |url=https://www.nbcnews.com/id/wbna10558135 |access-date=2024-03-07 |website=NBC News |language=en}}</ref> After the acquisition, internal HDDs from former Samsung factories were simultaneously branded as Samsung and Seagate, and then were exclusively branded as Seagate.{{Citation needed|date=November 2022}}

In 2012, Seagate continued to raise its dividend and repurchased nearly 30% of the company's outstanding shares. In the fiscal year ending June 2012, Seagate had achieved record revenues, record gross margins, record profits, and regained its position as the largest disc drive manufacturer. Its market value had increased to over $14 billion. In March 2012, Seagate demonstrated the first 1&nbsp;TB/square inch density hard drive, with the possibility of scaling up to 60&nbsp;TB by 2030.<ref>{{cite web|url=http://www.pcpro.co.uk/news/373651/seagate-creates-1tb-square-inch-hard-drives|title=Seagate creates 1TB/square inch hard drives|work=PC Pro|access-date=March 21, 2012|archive-date=April 30, 2015|archive-url=https://web.archive.org/web/20150430161213/http://www.pcpro.co.uk/news/373651/seagate-creates-1tb-square-inch-hard-drives|url-status=live}}</ref>

In 2013, Seagate was the first HDD company to begin shipment of [[shingled magnetic recording]] drives, announcing in September that they had already shipped over 1 million such drives.<ref>{{cite press release
 | title = Seagate Delivers on Technology Milestone: First to Ship Hard Drives Using Next-Generation Shingled Magnetic Recording
 | date = September 9, 2013
 | publisher = Seagate
 | url = http://www.businesswire.com/news/home/20130909005067/en/Seagate-Delivers-Technology-Milestone-Ship-Hard-Drives#.VYNamPlVhBc
 | access-date = 2015-06-17
 | archive-date = June 19, 2015
 | archive-url = https://web.archive.org/web/20150619045457/http://www.businesswire.com/news/home/20130909005067/en/Seagate-Delivers-Technology-Milestone-Ship-Hard-Drives#.VYNamPlVhBc
 | url-status = live
 }}</ref>

In February 2016, Seagate received a class action lawsuit concerning defective hard drives.<ref>{{cite web|url=http://www.techspot.com/news/63672-seagate-hit-class-action-lawsuit-over-defective-hard.html|title=Seagate hit with class action lawsuit over defective hard drives|date=February 2016 |access-date=November 25, 2016|archive-date=November 26, 2016|archive-url=https://web.archive.org/web/20161126130835/http://www.techspot.com/news/63672-seagate-hit-class-action-lawsuit-over-defective-hard.html|url-status=live}}</ref>

In August 2016, Seagate demonstrated its 60&nbsp;TB SSD—claimed to be "the largest SSD ever demonstrated"—at the Flash Memory Summit in Santa Clara.<ref>{{cite news |url=https://techcrunch.com/2016/08/10/seagate/ |title=Seagate has a 60&nbsp;TB solid state drive now |author=Brian Heater |work=TechCrunch |date=August 10, 2016 |access-date=August 11, 2016 |archive-date=September 10, 2016 |archive-url=https://web.archive.org/web/20160910133943/https://techcrunch.com/2016/08/10/seagate/ |url-status=live }}</ref>

In January 2017, Seagate announced the shutdown of one of its largest HDD assembly plants, located in [[Suzhou, Jiangsu|Suzhou, China]].<ref>{{cite web|url=http://www.anandtech.com/show/11037/seagate-to-shut-down-one-of-its-largest-hdd-assembly-plants|title=Seagate to Shut Down One of Its Largest HDD Assembly Plants|first=Anton|last=Shilov|access-date=January 16, 2017|archive-date=January 18, 2017|archive-url=https://web.archive.org/web/20170118033440/http://www.anandtech.com/show/11037/seagate-to-shut-down-one-of-its-largest-hdd-assembly-plants|url-status=live}}</ref> The plant became part of Seagate after Maxtor's acquisition in 2006; Maxtor started producing hard drives in Suzhou in 2004.

=== Dave Mosley era (2017–present) ===
On July 25, 2017, David "Dave" Mosley was appointed CEO, effective from October 1, 2017 after longtime CEO, Steve Luczo stepped down and became executive chairman.<ref>{{Cite news|url=http://markets.businessinsider.com/news/stocks/Seagate-Technology-Names-Dave-Mosley-As-CEO-Luczo-To-Become-Executive-Chairman-1002201890|title=Seagate Technology Names Dave Mosley As CEO; Luczo To Become Executive Chairman|date=July 25, 2017|work=markets.businessinsider.com|access-date=November 3, 2017|agency=RTTNews|archive-date=November 6, 2017|archive-url=https://web.archive.org/web/20171106084815/http://markets.businessinsider.com/news/stocks/Seagate-Technology-Names-Dave-Mosley-As-CEO-Luczo-To-Become-Executive-Chairman-1002201890|url-status=live}}</ref><ref>{{Cite web |title=Layoffs and CEO Departure Plague Seagate After Rough Earnings |url=https://fortune.com/2017/07/25/seagate-layoffs-earnings/ |access-date=2024-03-07 |website=Fortune |language=en}}</ref>

In June 2018, Seagate was honored at the 14th Annual Manufacturing Leadership Awards Gala in [[Huntington Beach, California]].<ref>{{Cite web|title=Seagate Technology and Adexa to be honored at upcoming 2018 Manufacturing Leadership Awards - IT Supply Chain|url=https://itsupplychain.com/seagate-technology-and-adexa-to-be-honored-at-upcoming-2018-manufacturing-leadership-awards/|access-date=2021-07-31|website=itsupplychain.com}}</ref> In 2018, Seagate invested in Series A and B of [[Ripple Labs|Ripple]], an enterprise [[blockchain company]].<ref>{{Cite web|title=Seagate Technology May Own Over 4% Of Ripple, No Credit From The Street (NASDAQ:STX) {{!}} Seeking Alpha|url=https://seekingalpha.com/article/4135878-seagate-technology-may-own-over-4-percent-of-ripple-no-credit-from-street|access-date=2021-07-31|website=seekingalpha.com|date=January 8, 2018 |language=en}}</ref>

In 2019, Seagate invested £47 million in a research and development project at its factory in [[Derry]], Northern Ireland.<ref>{{Cite news|date=2019-04-26|title=Seagate creates 25 new jobs in £47m Derry investment|language=en-GB|work=BBC News|url=https://www.bbc.com/news/uk-northern-ireland-foyle-west-48062973|access-date=2021-07-31}}</ref>

In 2020, Seagate announced that it was moving its headquarters and most of its staff from Cupertino to Fremont, California.<ref>{{cite web|url=https://www.seagate.com/news/news-archive/seagate-to-bring-together-san-francisco-bay-area-workforce-in-its-fremont-facility-pr-master/|title=Seagate To Bring Together San Francisco Bay Area Workforce In Its Fremont Facility|website=seagate.com|access-date=February 13, 2021|archive-date=September 25, 2020|archive-url=https://web.archive.org/web/20200925045337/https://www.seagate.com/news/news-archive/seagate-to-bring-together-san-francisco-bay-area-workforce-in-its-fremont-facility-pr-master/|url-status=live}}</ref> From May to June that year, the company laid off 500 employees across 12 countries due to a push for better operational efficiencies. Seagate planned for the rearrangement of more resources, including combining facilities in [[Minnesota]].<ref>{{Cite web|url=https://www.bizjournals.com/sanjose/news/2020/06/02/seagate-layoffs-2020.html|title=Why Seagate Technology laid off 500 employees this week|access-date=2021-07-31|website=www.bizjournals.com}}</ref>

In September 2020, Seagate announced it had entered the [[object storage]] business and introduced CORTX, an open-source object storage software, Lyve Rack, a reference architecture based on CORTX, and a corresponding developer community. The community is a group of open-source researchers and developers working to advance mass-capacity object storage.<ref>{{Cite web|title=Seagate's New Solutions Equip Enterprises for the New Data Economy {{!}} News Archive {{!}} Seagate US|url=https://www.seagate.com/news/news-archive/seagates-new-solutions-equip-enterprises-for-the-new-data-economy-pr-master/|access-date=2021-03-03|website=Seagate.com|language=en-us|archive-date=January 17, 2021|archive-url=https://web.archive.org/web/20210117011232/https://www.seagate.com/news/news-archive/seagates-new-solutions-equip-enterprises-for-the-new-data-economy-pr-master/|url-status=live}}</ref><ref>{{Cite web|last=Mellor|first=Chris|date=2020-09-24|title=Seagate gets into object storage with new CORTX software|url=https://blocksandfiles.com/2020/09/24/seagate-cortx-object-storage-software/|access-date=2021-03-03|website=Blocks and Files|language=en-GB|archive-date=October 27, 2020|archive-url=https://web.archive.org/web/20201027055813/https://blocksandfiles.com/2020/09/24/seagate-cortx-object-storage-software/|url-status=live}}</ref> CORTX open-source software is hosted for download and collaboration on [[GitHub]].<ref>{{Citation|title=Seagate/cortx|date=2021-03-03|url=https://github.com/Seagate/cortx|publisher=Seagate Technology|access-date=2021-03-03|archive-date=February 12, 2021|archive-url=https://web.archive.org/web/20210212155339/https://github.com/Seagate/cortx|url-status=live}}</ref>

As of May 18, 2021, the new Irish public limited company '''Seagate Technology Holdings plc''' became the publicly traded parent company of Seagate, replacing "Seagate Technology plc."<ref>{{cite web |url=https://d18rn0p25nwr6d.cloudfront.net/CIK-0001137789/7e8b5cd3-f8cc-458c-9ad7-2b1c4f22bbca.pdf |title=SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY - Form 8-K |date=May 18, 2021 |access-date=May 24, 2021 |archive-date=May 21, 2021 |archive-url=https://web.archive.org/web/20210521154326/https://d18rn0p25nwr6d.cloudfront.net/CIK-0001137789/7e8b5cd3-f8cc-458c-9ad7-2b1c4f22bbca.pdf |url-status=live }}</ref>

In November 2021, at the [[Open Compute Summit]], Seagate demonstrated the industry's first HDD with a [[NVM Express|non-volatile memory express]] (NVMe) interface.<ref>{{cite web |date=November 17, 2021 |title=Seagate demos hard disk drive with an NVMe interface |url=https://www.theregister.com/2021/11/17/seagate_nvme_drive/ |work=The Register}}</ref> This was unusual because HDDs operate far below the capabilities of the NVMe interface, which is usually associated with faster storage media like SSDs.

In May 2022, Seagate presented and demonstrated their [[LiDAR]] system at the Autosens conference in Detroit.<ref>{{cite web |url=https://www.forbes.com/sites/sabbirrangwala/2022/05/23/automotive-lidar-has-arrived |title=Automotive LiDAR Has Arrived |work=[[Forbes]] |last=Rangwala |first=Sabbir |date=May 23, 2022}}</ref> In February 2023, it divested its LiDAR division to [[Luminar Technologies]].<ref>{{cite web |last=Hawkins |first=Andrew J. |date=28 February 2023 |title=Luminar unveils Iris Plus lidar sensor with 300-meter range |url=https://www.theverge.com/2023/2/28/23617435/luminar-iris-plus-lidar-sensor-investor-day |website=[[The Verge]]}}</ref>

In October 2022, Seagate announced a restructuring plan to reduce headcount by 8%, equivalent to approximately 3,000 jobs.<ref name=upi>{{Cite web |title=Seagate to cut 3,000 jobs, denies it violated export sanctions |url=https://www.upi.com/Top_News/US/2022/10/27/seagate-3000-jobs-export-sanctions/2481666881161/ |access-date=2022-10-27 |website=UPI |language=en}}</ref><ref>{{Cite web |title=Seagate Technology Reports Fiscal First Quarter 2023 Financial Results |url=https://investors.seagate.com/news/news-details/2022/Seagate-Technology-Reports-Fiscal-First-Quarter-2023-Financial-Results/default.aspx |access-date=2022-10-27 |website=investors.seagate.com |language=en-US}}</ref>

On January 17, 2024, Seagate announced the release of the first 30 TB HDD with the Exos Mozaic 3+ HDD series.<ref>{{Cite news |date=17 January 2024 |title=Seagate's Breakthrough 30TB+ Hard Drives Ramp Volume, Marking an Inflection Point in the Storage Industry |url=https://www.seagate.com/news/news-archive/seagates-breakthrough-30tb-plus-hard-drives-ramp-volume-marking-an-inflection-point-in-the-storage-industry-pr/ |access-date=16 November 2024 |work=Seagate}}</ref><ref name=":1">{{Cite news |last=Athow |first=Desire |date=17 January 2024 |title=Seagate launches biggest hard drive ever — 30TB Exos Mozaic 3+ HDD can store more than 1,000 Blu-ray movies and, yes, everyone will be able to buy them |url=https://www.techradar.com/pro/seagate-launches-biggest-hard-drive-ever-30tb-exos-mozaic-3-hdd-can-store-more-than-1000-blu-ray-movies-and-yes-everyone-will-be-able-to-buy-them |url-status=live |archive-url=https://web.archive.org/web/20240202203446/https://www.techradar.com/pro/seagate-launches-biggest-hard-drive-ever-30tb-exos-mozaic-3-hdd-can-store-more-than-1000-blu-ray-movies-and-yes-everyone-will-be-able-to-buy-them |archive-date=2 February 2024 |access-date=16 November 2024 |work=[[TechRadar]]}}</ref> The series utilizes [[Heat-assisted magnetic recording|Heat-Assisted Magnetic Recording]] (HAMR) and [[Shingled magnetic recording|Shingled Magnetic Recording]] (SMR) technology with an [[Areal Density (Computer Storage)|areal density]] of 3 TB per platter. The 30 TB Mozaic 3+ drive uses ten platters, only one more than the 16 TB Exos X16. Seagate plans to ramp capacity of their HAMR drives, eventually reaching an areal density of 5 TB per platter by 2028.<ref>{{Cite news |last=Ganesh |first=T S |date=17 January 2024 |title=Seagate Unveils Mozaic 3+ HDD Platform as HAMR Readies for Volume Ramp |url=https://www.anandtech.com/show/21235/seagate-unveils-mozaic-3-hdd-platform-as-hamr-readies-for-volume-ramp |access-date=16 November 2024 |work=[[AnandTech]]}}</ref> Seagate claims the new drives will have a cheaper cost per TB compared to existing drive models. The series is initially only available to enterprise markets, but is expected to be available to [[End user|end users]] by mid 2025.<ref>{{Cite news |date=24 July 2024 |title=Seagate: Fiscal 4Q24 Financial Results |url=https://www.storagenewsletter.com/2024/07/24/seagate-fiscal-4q24-financial-results/ |access-date=16 November 2024 |work=[[StorageNewsletter]]}}</ref><ref name=":1" />

In February 2025, Seagate announced it would acquire HDD equipment maker [[Intevac]] for $119&nbsp;million in an all-cash deal.<ref>{{Cite web |last=Wiggers |first=Kyle |date=February 13, 2025 |title=Seagate acquires Intevac, which makes equipment for hard disk drives, for $119M |url=https://techcrunch.com/2025/02/13/seagate-acquires-intevac-which-makes-equipment-for-hard-disk-drives-for-119m/ |website=[[TechCrunch]]}}</ref>

== Products ==

=== Internal SSD and HDD storage ===
[[File:Seagte EXOS X18 18 TB 20221006 oblique bottom view HOF05339.png|thumb|alt=This image shows an oblique view of the back of a Seagate EXOS X18 18&nbsp;TB HDD|Back of a Seagate EXOS X18 18&nbsp;TB HDD]]
[[File:ST3160812AS.jpg|thumb|Seagate Barracuda HDD 160GB Model ST3160812AS]]
[[File:ST3400820AS.jpg|thumb|Seagate Barracuda HDD 400GB Model ST3400820AS]]
[[File:ST32000641AS.jpg|thumb|Seagate Barracuda Xt HDD 2TB Model ST32000641AS]]
Seagate offers various internal [[solid-state drive]] (SSD) and [[hard disk drive]] (HDD) products that are classed by name for their intended usage:

* [[Seagate Barracuda|'''Barracuda''']] – Seagate's most popular and inexpensive general-usage SSDs and HDDs meant for devices such as [[computer]]s, [[laptop]]s, [[video game console|gaming consoles]], and [[set-top box]]es. The Barracuda HDD series has speeds of 5,200–7,200&nbsp;RPM, storage capacities of 500&nbsp;GB{{Snd}}8&nbsp;TB, with max speeds up to 190&nbsp;MB/s. The Barracuda SSDs come with either [[Serial ATA|SATA]] or [[NVM Express|NVMe]] interface, storage sizes from 240&nbsp;GB{{Snd}}2&nbsp;TB, and read speeds up to 560&nbsp;MB/s for SATA and 3,400&nbsp;MB/s for NVMe.
* [[Seagate Firecuda|'''Firecuda''']] – For gaming usage in computers, laptops, and gaming consoles. Seagate offers internal and external Firecuda SSDs and HDDs with SATA, NVMe, or [[USB-C]] interface with storage capacity between 250&nbsp;GB{{Snd}}16&nbsp;TB.
* [[Seagate Ironwolf|'''Ironwolf''']] – [[Network-attached storage|NAS]] device storage drives, with HDD storage capacities of 1–20&nbsp;TB,<ref>{{cite web |url=https://arstechnica.com/gadgets/2022/01/seagate-starts-shipping-enormous-22tb-hard-drives-to-some-customers/ |title=Seagate starts shipping enormous 22TB hard drives to "some customers" |date=January 28, 2022 |website=[[Ars Technica]] |first=Andrew |last=Cunningham}}</ref> regular or helium drive type, SATA interface, and up to 260&nbsp;MB/s. Ironwolf SSDs have capacities of 240&nbsp;GB{{Snd}}4&nbsp;TB, SATA or NVMe interface, and speeds up to 560&nbsp;MB/s for SATA and 3,150&nbsp;MB/s for NVMe.
* [[Seagate Skyhawk|'''Skyhawk''']] – Surveillance system recording drives for use in devices like [[digital video recorder|DVRs]] or [[network video recorder|NVRs]] that come in 2 series. The first series, the Skyhawk AI, has capacities of 8–18&nbsp;TB, regular or helium drive type, CMR recording technology, and speeds up to 260&nbsp;MB/s. The regular Skyhawk series has capacities of 1–8&nbsp;TB, regular drive type, CMR or [[shingled magnetic recording|SMR]] recording technology, and speeds up to 210&nbsp;MB/s.
* [[Seagate Exos|'''Exos''']] – Enterprise drives for usage in datacenters, with three series offered:<ref>{{Cite web |title=Exos X Series Hard Drives |url=https://www.seagate.com/products/enterprise-drives/exos-x/ |website=Seagate Technologies}}</ref>
*# Exos E – capacities of 300&nbsp;GB{{Snd}}8&nbsp;TB, SAS or SATA interface, and speeds up to 300&nbsp;MB/s.
*# Exos X – capacities of 12–20&nbsp;TB, helium drive type, SAS or SATA interface, and speeds up to 524&nbsp;MB/s on certain models.
*# Exos Mozaic 3+ – 30TB+ capacity, 7200 RPM spindle speed and 512&nbsp;MB cache. Was introduced in 2023 with less storage as Exos X. Mozaic 3+ will be sold not only to enterprise customers but also to end users, no specialised hardware is needed to read.<ref name=":1" />

* '''[[Nytro]]''' – Series of enterprise [[Serial Attached SCSI]] Solid State Drives, with capacities up to 15&nbsp;TB.

=== External SSD and HDD storage ===
Seagate offers various external storage product series for computers and laptops:
* Seagate Basic External HDDs
* Backup Plus External HDDs
* Backup Plus Hub External HDDs
* Photo Drive External HDDs
* Barracuda Fast External SSDs
* Seagate Expansion External SSD and HDDs
* One Touch External SSD and HDDs
* Ultra Touch External SSD and HDDs

=== Gaming console storage ===
Seagate has partnered with both [[PlayStation]] and [[Xbox]] to offer various storage devices for the [[PlayStation 4]], [[Xbox One]] and [[Xbox Series X and Series S|Xbox Series X/S]]. For the PlayStation 4 and Xbox One Series, Seagate offers the "Game Drive" which is a 2–4&nbsp;TB USB&nbsp;3.0 external hard drive. Additionally for the Xbox One series, Seagate now offers a "New Game Drive" in capacities of 2–5&nbsp;TB and a "Game Drive Hub" which has a capacity up to 8&nbsp;TB, both of which also use the USB&nbsp;3.0 interface.<ref>{{Cite web|title=Seagate Announces New Lineup of Game Drives for Xbox|url=https://www.techpowerup.com/285985/seagate-announces-new-lineup-of-game-drives-for-xbox#:~:text=Seagate%20Technology%20Holdings%20plc%2C%20a%20world%20leader%20in,of%20storage%20for%20gamers%20to%20the%20next%20level.|access-date=12 Sep 2021|website=Techpowerup| date=August 26, 2021 }}</ref> During the development of the new Xbox Series X/S, Seagate partnered with Xbox to make a proprietary SSD expansion card that is inserted into the back of the console, available in a capacity of 1&nbsp;TB, with 2&nbsp;TB planned to be made later.<ref>{{Cite web|title=Seagate Teases Super-Fast Xbox Series X Storage Expansion Card|url=https://www.pcmag.com/news/seagate-launches-xbox-series-x-storage-expansion-card-website|access-date=12 Sep 2021|website=PCMag}}</ref>

=== Lyve Cloud ===
[[Lyve Cloud]]<ref>{{Cite web|title=Seagate Lyve Cloud|url=https://www.seagate.com/services/cloud/storage/|website=Seagate Technologies}}</ref> is a cloud-based storage service first offered by Seagate in February 2021. It was developed in partnership with [[Equinix]] and is intended for enterprise usage.

=== Data storage systems ===
Seagate offers various data storage systems for enterprises such as "compute & storage convergence platforms"{{According to whom|date=November 2022}} and flash, hybrid, and disk arrays.

In June 2021, Seagate introduces the Exos CORVAULT, a 4U block storage system with dual storage controllers powered by Seagate's own VelosCT chip. The storage array uses Advanced Distributed Autonomic Protection Technology (ADAPT) and Autonomous Drive Regeneration (ADR) for automating maintenance and thus reducing e-waste.<ref>{{Cite web|date=22 Jun 2021|title=Seagate Introduces the Groundbreaking Exos CORVAULT Hardware-Based Self-Healing Block Storage System|url=https://investors.seagate.com/news/news-details/2021/Seagate-Introduces-the-Groundbreaking-Exos-CORVAULT-Hardware-Based-Self-Healing-Block-Storage-System/default.aspx|access-date=12 Sep 2021|website=Seagate Investors}}</ref>

=== Legacy product lines ===
Some of Seagate's old product lines that are no longer produced include:

* '''[[Seagate U-Series|U-Series]]''' – Lower performance, cheaper desktop HDDs introduced in the late 1990s.
* '''[[Seagate Medalist|Medalist]]''' – A line of mainstream HDDs for use in desktops and more. Later replaced by the Barracuda series.
* '''[[Seagate Cheetah|Cheetah]]''' – High speed & performance HDDs with speeds of 10,000–15,000&nbsp;RPM. Discontinued in the early 2000s.
* '''[[Seagate Momentus|Momentus]]''' – High performance laptop HDDs.
* '''[[Seagate Decathlon|Decathlon]]''' – High performance desktop hard disk drives that were popular but expensive at the time.

== Corporate affairs ==
[[File:Seagate Technology Headquarters Cupertino.jpg|thumb|Former Seagate Technology headquarters during the 2010s in [[Cupertino, California]] ]]
[[File:Seagatetechnologyheadquarters.jpg|thumb|Former Seagate Technology headquarters prior to 2010 in [[Scotts Valley, California]]]]
Seagate was initially traded as a [[public company]] on the [[Nasdaq]] stock exchange under the [[ticker symbol]] SGAT. In 1994, it moved to the [[New York Stock Exchange]] as SEG.<ref name=":0" /> In 2000, Seagate incorporated in the Cayman Islands in order to reduce income taxes. In 2000, the company was taken private by an investment group composed of Seagate management, [[Silver Lake Partners]], [[Texas Pacific Group]], and others in a three-way merger-spinoff with [[Veritas Software]]; Veritas merged with Seagate, which was bought by the investment group. Veritas was then immediately spun off to shareholders, gaining rights to Seagate Software Network and Storage Management Group (with products such as [[Backup Exec]]), as well as Seagate's shares in [[SanDisk]] and [[Dragon Systems]]. Seagate Software Information Management Group was renamed [[Crystal Decisions]] in May 2001. In December 2002, Seagate re-entered the public market on the Nasdaq as STX.<ref name=Gomes /><ref name=orfes />

By November 2023, 89% of the stock was controlled by institutional investors, with a controlling stake of 52% held by 8 investors. The largest stakes held by hedge funds [[The_Vanguard_Group|Vanguard Group, Inc]], Sanders Capital, LLC and [[BlackRock]], Inc. account for 11%, 7.2%, 7.2% of shares outstanding respectively.<ref>{{Cite web|lang=en|url=https://news.futunn.com/en/post/34233304?level=1&data_ticket=1711431364628576|title=Institutional Investors Control 89% of Seagate Technology Holdings Plc (NASDAQ:STX)|website=Futubull|access-date=2024-03-28|archive-date=2024-03-28|archive-url=https://web.archive.org/web/20240328185407/https://news.futunn.com/en/post/34233304?level=1&data_ticket=1711431364628576}}</ref>

== Partnerships and acquisitions ==
Finis Conner left Seagate in early 1985 and founded [[Conner Peripherals]], which originally specialized in small-form-factor drives for portable computers. Conner Peripherals also entered the tape drive business with its purchase of [[Archive Corporation]]. After ten years as an independent company, Conner Peripherals was acquired by Seagate in a 1996 merger.<ref>{{cite book |url=https://books.google.com/books?id=q7UzNoWdGAkC&pg=PA145 |page=145 |title=Roadmap to Entrepreneurial Success: Powerful Strategies for Building a High-profit Business |date=2004 |access-date=June 8, 2013 |author=Robert W. Price |publisher=AMACOM|isbn=9780814471906}}</ref>

In 2005, Seagate acquired Mirra Inc., a producer of personal servers for data recovery. It also acquired ActionFront Data Recovery Labs, which provides data recovery services.<ref name=msnbc>{{cite news |url=https://www.nbcnews.com/id/wbna16311142 |title=Seagate to buy online data storage firm |access-date=June 12, 2013 |date=December 21, 2006 |publisher=MSNBC |archive-date=July 14, 2014 |archive-url=https://web.archive.org/web/20140714163731/http://www.nbcnews.com/id/16311142/#.UlMaWtJwpAo |url-status=live }}</ref>

In 2006, Seagate acquired [[Maxtor]] in an all-stock deal worth $1.9 billion, and afterwards continued to market the separate Maxtor brand.<ref>{{cite news |url=https://www.nbcnews.com/id/wbna10558135 |title=Seagate buys Maxtor for about $1.9 billion |publisher=MSNBC |access-date=June 10, 2013 |date=December 21, 2005 |agency=Associated Press |archive-date=July 14, 2014 |archive-url=https://web.archive.org/web/20140714185843/http://www.nbcnews.com/id/10558135/ |url-status=live }}</ref> The following year, Seagate acquired [[Evault|EVault]]<ref name="msnbc" /> and MetaLINCS, later rebranded as [[i365]].<ref>{{cite web|url=http://www.i365.com/assets/downloads/press/pr_2008_09_23.html|title=Seagate Launches EVault, A Seagate Company, Unifying Its Services Businesses Under New Operating Structure|work=EVault, A Seagate Company|access-date=June 25, 2010|archive-date=March 7, 2009|archive-url=https://web.archive.org/web/20090307033323/http://www.i365.com/assets/downloads/press/pr_2008_09_23.html|url-status=live}}</ref>

In 2014, Seagate acquired Xyratex, a storage systems company, for approximately $375 million.<ref>{{cite press release
 | title = Seagate Completes Acquisition Of Xyratex
 | date = March 31, 2014
 | publisher = Seagate
 | url = http://www.seagate.com/about-seagate/news/seagate-completes-acquisition-of-xyratex-pr-master/?paramChannelName=newsroom
 | access-date = 2015-06-16
 | archive-date = June 17, 2015
 | archive-url = https://web.archive.org/web/20150617215334/http://www.seagate.com/about-seagate/news/seagate-completes-acquisition-of-xyratex-pr-master/?paramChannelName=newsroom
 | url-status = live
 }}</ref><ref>{{cite web
 |last=Mukherjee
 |first=Aurindom
 |date=23 December 2013
 |title=Seagate to buy Xyratex to add test equipment business
 |website=[[Reuters]]
 |url=https://www.reuters.com/article/us-xyratex-offer/seagate-to-buy-xyratex-to-add-test-equipment-business-idUKBRE9BM0JU20131223
}}</ref> The same year, it acquired LSI's flash enterprise PCIe flash and SSD controller products, and its engineering capabilities, from [[Avago]] for $450 million.<ref>{{cite press release
 | title = Seagate Completes Acquisition Of LSI's Flash Businesses From Avago
 | date = September 2, 2014
 | publisher = Seagate
 | url = http://www.seagate.com/about-seagate/news/Seagate-completes-acquisition-LSI-flash-businesses-from-Avago-pr-master/?paramChannelName=newsroom
 | access-date = 2015-06-16
 | archive-date = June 17, 2015
 | archive-url = https://web.archive.org/web/20150617222417/http://www.seagate.com/about-seagate/news/Seagate-completes-acquisition-LSI-flash-businesses-from-Avago-pr-master/?paramChannelName=newsroom
 | url-status = live
 }}</ref><ref>{{Cite news
 |title = Seagate to Buy LSI's Flash Businesses From Avago for $450 Million
 |url = https://www.wsj.com/articles/seagate-to-buy-lsis-flash-businesses-from-avago-for-450-million-1401368409
 |newspaper = Wall Street Journal
 |access-date = 2015-12-04
 |issn = 0099-9660
 |first = Erin
 |last = McCarthy
 |archive-date = September 13, 2016
 |archive-url = https://web.archive.org/web/20160913134751/http://www.wsj.com/articles/seagate-to-buy-lsis-flash-businesses-from-avago-for-450-million-1401368409
 |url-status = live
}}</ref>

In October 2015, Seagate acquired [[Dot Hill Systems]], a supplier of software and hardware storage systems, for approximately $696 million.<ref>{{Cite web|title = Seagate Completes Acquisition Of Dot Hill Systems{{!}}Seagate|url = http://www.seagate.com/as/en/about-seagate/news/seagate-completes-acquisition-dot-hill-systems-master-pr/|website = www.seagate.com|access-date = 2015-10-12|archive-date = February 14, 2016|archive-url = https://web.archive.org/web/20160214044311/http://www.seagate.com/as/en/about-seagate/news/seagate-completes-acquisition-dot-hill-systems-master-pr/|url-status = live}}</ref>

== Controversies ==
[[File:ST3000DM001.jpg|thumb|[[ST3000DM001]] HDD, Seagate's most unreliable hard drive ever (as of 2024)]]
In 2015, Seagate's NAS drives—a type of wireless storage device—was found to have an undocumented hardcoded password.<ref>{{cite web
 |url=http://betanews.com/2015/09/07/time-to-patch-your-firmware-backdoor-discovered-into-seagate-nas-drives/
 |title=Time to patch your firmware! Backdoor discovered into Seagate NAS drives
 |website=betanews.com
 |date=September 7, 2015
 |access-date=November 25, 2016
 |archive-date=December 30, 2016
 |archive-url=https://web.archive.org/web/20161230224257/http://betanews.com/2015/09/07/time-to-patch-your-firmware-backdoor-discovered-into-seagate-nas-drives/
 |url-status=live
}}</ref>

On January 21, 2014, numerous tech articles around the globe published findings from the cloud storage provider [[Backblaze]] that Seagate [[Hard disk drive|hard disks]] are least reliable among prominent hard disk manufacturers.<ref>{{cite web
 |url=http://www.techspot.com/news/55399-backblaze-data-shows-hitachi-and-seagate-as-most-and-least-reliable-hard-drives-respectively.html
 |title=Backblaze data shows Hitachi and Seagate as most and least reliable hard drives, respectively
 |date=January 21, 2014
 |access-date=November 25, 2016
 |archive-date=October 29, 2016
 |archive-url=https://web.archive.org/web/20161029044835/http://www.techspot.com/news/55399-backblaze-data-shows-hitachi-and-seagate-as-most-and-least-reliable-hard-drives-respectively.html
 |url-status=live
}}</ref><ref>{{cite web
 |url=http://www.digitaltrends.com/computing/hitachi-hard-drives-reliable-says-backblaze/
 |title=Hitachi hard drives are the most reliable, says BackBlaze
 |date=January 21, 2014
 |access-date=November 25, 2016
 |archive-date=December 27, 2016
 |archive-url=https://web.archive.org/web/20161227115000/http://www.digitaltrends.com/computing/hitachi-hard-drives-reliable-says-backblaze/
 |url-status=live}}</ref><ref>{{cite web|url=https://www.zdnet.com/article/who-makes-the-most-reliable-hard-disk-drives-backblaze-has-updated-its-stats/
 |title=Who makes the most reliable hard disk drives? Backblaze has updated its stats
 |website=[[ZDNet]]
 |date=January 21, 2014
 |access-date=November 25, 2016
 |archive-date=October 24, 2016
 |archive-url=https://web.archive.org/web/20161024210838/http://www.zdnet.com/article/who-makes-the-most-reliable-hard-disk-drives-backblaze-has-updated-its-stats/
 |url-status=live
}}</ref> However, the Backblaze tests have been criticized for having a flawed methodology that has inconsistent environment variables, such as ambient temperatures, vibration, and disk usage.<ref>{{cite web
 |url=https://www.theregister.co.uk/2014/02/17/backblaze_how_not_to_evaluate_disk_reliability/
 |title=How NOT to evaluate hard disk reliability: Backblaze vs world+dog|website=[[The Register]]
 |access-date=September 11, 2017
 |archive-date=November 13, 2017
 |archive-url=https://web.archive.org/web/20171113014136/http://www.theregister.co.uk/2014/02/17/backblaze_how_not_to_evaluate_disk_reliability/
 |url-status=live
}}</ref><ref>{{cite web
 |url=http://www.tweaktown.com/articles/6028/dispelling-backblaze-s-hdd-reliability-myth-the-real-story-covered/index.html
 |title=Dispelling Backblaze's HDD Reliability Myth - The Real Story Covered|date=January 24, 2014
 |access-date=November 25, 2016
 |archive-date=November 26, 2016
 |archive-url=https://web.archive.org/web/20161126131327/http://www.tweaktown.com/articles/6028/dispelling-backblaze-s-hdd-reliability-myth-the-real-story-covered/index.html
 |url-status=live
}}</ref> In addition, Backblaze's statistics show that the vast majority of their installed drives are manufactured by Seagate, and Backblaze editor Andy Klein has noted "that a large number of new Seagate drives being deployed could be statistically responsible" for failure rate data in their specific datacenter population.<ref>{{Cite web
 |url=https://www.backblaze.com/blog/backblaze-hard-drive-stats-q1-2019/
 |title=Backblaze Hard Drive Stats Q1 2019|date=2019-04-30
 |website=Backblaze Blog {{!}} Cloud Storage & Cloud Backup
 |language=en-US
 |access-date=2020-01-24
 |archive-date=January 17, 2020
 |archive-url=https://web.archive.org/web/20200117225434/https://www.backblaze.com/blog/backblaze-hard-drive-stats-q1-2019/
 |url-status=live
}}</ref> In the broader landscape, Seagate enterprise drives were named "most reliable" for seven years running in the IT Brand Pulse survey of top IT professionals, and cited as the leader for the previous two years in every measured category: reliability, performance, innovation, price, and service and support.<ref>{{Cite web
 |url=https://itbrandpulse.com/it-pros-vote-2019-storage-brand-leaders/
 |title=IT Pros Vote 2019 Storage Brand Leaders {{!}} IT Brand Pulse
 |language=en-US
 |access-date=2020-01-24
 |archive-date=May 25, 2021
 |archive-url=https://web.archive.org/web/20210525103228/https://itbrandpulse.com/it-pros-vote-2019-storage-brand-leaders/
 |url-status=live
}}</ref> In 2019, Backblaze released updated statistics which reported that Seagate drives had the most failures in Q2 2019, whereas its best-rated drives were made by Toshiba.<ref>{{Cite web
 |url=https://www.backblaze.com/blog/hard-drive-stats-q2-2019
 |title=Backblaze Hard Drive Stats Q2 2019 {{!}} Backblaze.com
 |date=August 6, 2019
 |language=en-US
 |access-date=2020-08-18
 |archive-date=September 7, 2020
 |archive-url=https://web.archive.org/web/20200907181813/https://www.backblaze.com/blog/hard-drive-stats-q2-2019/
 |url-status=live
}}</ref>

In October 2021, a report by [[United States Senate|U.S. Senate]] Republicans claimed that Seagate violated [[Export Administration Regulations]] by selling parts and components to [[Huawei]] following [[United States sanctions against China#Ban of Huawei and ZTE equipment|U.S. sanctions]] against the Chinese telecommunications company.<ref>{{Cite news
 |last=Strumpf|first=Dan|date=2021-10-26
 |title=Seagate Broke Export Curbs by Supplying Huawei, Senate Republicans Say
 |language=en-US
 |work=[[The Wall Street Journal]]
 |url=https://www.wsj.com/articles/seagate-broke-export-curbs-by-supplying-huawei-senate-republicans-say-11635254101
 |access-date=2021-10-27
 |issn=0099-9660
}}</ref> The company received another letter in August 2022 from the U.S. Commerce Department's [[Bureau of Industry and Security]] (BIS) for allegedly violating export sanctions to sell Huawei hard drives. Seagate denied any violations claiming that its foreign-made hard drives are not subject to the restriction since the disks and the equipment to make them were not a direct product of any American semiconductor technology or software.<ref>{{cite news
 |url=https://www.reuters.com/technology/us-alleges-seagate-broke-export-rules-sell-huawei-hard-drives-source-2022-10-26/
 |title=Exclusive: U.S. alleges Seagate broke export rules to sell Huawei hard drives, person familiar says
 |date=October 26, 2022
 |work=[[Reuters]]
 |last=Freifeld
 |first=Karen
}}</ref><ref name=upi /> In April 2023, Seagate reached a settlement agreement with the Department agreeing to pay $300{{nbsp}}million{{mdash}}the largest civil penalty imposed by the BIS{{mdash}}for selling over 7.4 million hard drives to Huawei without BIS authorization. The resolution also included three stages of audits focusing on its export controls compliance program and a suspended denial order.<ref>{{cite news
 |url=https://www.reuters.com/legal/seagate-settles-with-us-shipping-11-bln-hard-drives-huawei-2023-04-19/
 |title=Seagate to pay $300 million penalty for shipping Huawei 7 million hard drives
 |date=April 19, 2023
 |work=[[Reuters]]
 |last=Freifeld
 |first=Karen
}}</ref><ref>{{Cite web |last=BUREAU OF INDUSTRY AND SECURITY |first=UNITED STATES DEPARTMENT OF COMMERCE |date=April 19, 2023 |title=BIS IMPOSES $300 MILLION PENALTY AGAINST SEAGATE TECHNOLOGY LLC RELATED TO SHIPMENTS TO HUAWEI |url=https://www.bis.doc.gov/index.php/documents/about-bis/newsroom/press-releases/3264-2023-04-19-bis-press-release-seagate-settlement/file |url-status=live |archive-url=https://archive.today/20230420125944/https://www.bis.doc.gov/index.php/documents/about-bis/newsroom/press-releases/3264-2023-04-19-bis-press-release-seagate-settlement/file |archive-date=April 20, 2023 |access-date=August 3, 2023 |website=United States Department of Commerce - Bureau of Industry and Security}}</ref>

== References ==
{{reflist}}

== External links ==
{{Commons category}}
* {{Official website|www.seagate.com}}
{{Finance links
| name    = Seagate Technology PLC
| symbol  = STX
| sec_cik = 1137789
| yahoo   = STX
| google  = STX
}}

{{Seagate Technology}}
{{Hard disk drive manufacturers}}
{{Solid-state drive}}
{{Electronics industry in the United States}}
{{Major information storage companies}}
{{Authority control}}

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