Western Digital (WDC) Unveils Storage Products At OCP 2019

 | Mar 12, 2019 09:48PM ET

Western Digital Corporation (NASDAQ:WDC) introduced a plethora of solutions at Open Compute Project (“OCP”) Global Summit 2019 to address the need of storage system that facilitates fast data applications and new technologies. Moreover, the move is anticipated to deliver robust storage solutions to accelerate enterprise applications on cloud platforms.

The company showcased high speed Data Center HDDs and SSDs with 64-layer TLC 3D NAND technology, latest OpenFlex NVMe-over-Fabrics and high-capacity enterprise solutions. These storage devices are expected to enhance overall drive capacity, reliability and performance.

With this move, the company attempts to accelerate the development of emerging data-centric technologies including the likes of secure processing, connected applications, Internet of Things (“IoT”), industrial controls, among others.

Moreover, NVMe interface can optimally integrate with Western Digital’s 3D NAND technology, in turn enhancing storage capabilities. We believe Western Digital’s latest NVMe client architecture and product portfolio will benefit from pent up demand in the storage market.

Per TechNavio, enterprise SSD market is expected to witness a CAGR of 17% during 2016-2020.

Western Digital Corporation Price and Consensus

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