STX & WDC "will spend $4.5 billion on solid-state drives"
Gartner estimates that companies Strategic Investments
Gartner estimates that companies will spend $4.5 billion on solid-state drives, which offer quick and energy-efficient performance, in 2015, up from just under $1 billion in 2010. And this is further corroborated by Western Digital and Seagate’s recent investments in Skyera and Virident respectively.
That's another gross distortion, STX and WDC have no such plans to spend that much on SSDs. Still a niche market because SSDs still cost 6 to 10 times more than a comparable hard drive. FYI, due to technical limitations with scaling NAND flash beyond beyond the 22nm node, NAND flash cost reductions will dramatically slow according to SNDK which is working on 3D flash. .