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Thailand’s flooding to drive up HDD prices

Flooding in Thailand, which disrupted more than a dozen hard disk drive (HDD) factories, will have a direct impact on worldwide PC shipments through the first half of 2012, according to a new International Data Corporation (IDC) report.

In a statement released on Nov 10, the global IT consulting firm said that in the first half of 2011, Thailand accounted for 40-45 per cent of worldwide HDD production. As of early November, nearly half of this capacity was directly impacted by the flooding. In addition to assembly and component facilities being inundated with water, the industry faces work stoppages due to poor access and power outages. The full extent of the damage to HDD industry factories will not be known until the floodwaters recede, although it’s already clear that there will be HDD supply shortages into the first quarter of 2012.

Read more: The Nation

TN

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