Back in 2005-2008, Seagate made a major investment in solid state memory (SSM). Why was that effort canceled? It was in MN.
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Dude, no name naming , not allowed at this site
MN is a disater seagate design center. this place is where people don't share info, don't work and not working together like a team. that was one and many products got cancel because of that reason, executives only taking care of their FAT cat club.
Because the CEO at the time was an idiot. Plus the upper leadership at the time didn't have an idea of how to set goals towards a certain program. Engineers were free to go in at direction. Very poor management.
Oh and the CEO walked away from the company with a nice chest of gold.
The company is run by people who couldn't engineer their way out of a wet paper bag. Case closed.
My impression is that top execs had no clue that billions would need to be invested into building fabs to make the wafers early on. They thought the millions spent early on to develop the chips were the "final cost" and had a rude awakening when they finally understood the cost to mass produce the chips.
It was about to require a lot of $$$ to continue when the economy broke. Right for the time. Probably right generally because Seagate never had the money to build a fab big enough to scale. End of flash still hasn't happened.
or the 25% stake we had in SanDisk...
Just think where Seagate would be today if that SSM project was not shticanned. Sounds to me like another great demonstration of excellent long term thinking by management.
Yes, I believe it was spin torque or some other technology, made into chips. It was at the Normandale facility in Bloomington/Edina Minnesota. Pat Ryan was heading it up.