Seagate Says Factories in Thailand Operational Despite Flooding

Seagate Technology plc STX today provided an update to its operations in Thailand in light of the severe flooding in the region. Currently, all Seagate factories in Thailand are operational and there are no logistical issues with employees reaching its factories. However, the hard disk drive component supply chain is being disrupted and it is expected that certain components in the supply chain will be constrained. Given the volatility of the situation it is unclear what the magnitude of the supply chain disruption will be to Seagate's hard disk drive output from its Thailand operations.