Seagate Technology

Seagate Technology is a major player in the data storage industry. They are currently newsworthy due to their assessment of the memory market in light of the ongoing artificial intelligence boom. According to Seagate's chief commercial officer, Ban-Seng Teh, memory price increases are likely to become the "new normal" for the next few years. This prediction stems from the significant surge in storage demand driven by AI applications and development, which Teh describes as a supercycle. While the long-term sustainability of this trend is uncertain, Seagate's perspective highlights the profound impact of AI on the storage industry and the potential for continued price pressures in the memory market. This makes Seagate's insights relevant to investors, consumers, and other technology companies reliant on memory and storage solutions.