Toshiba America Electronic Components, Inc. (TAEC) today announced that for a second consecutive quarter, the company posted a 30+% Q-Q growth in Nearline HDD unit shipment and capacity shipped. Toshiba's Nearline HDD shipments and exabytes reached 2.79 million and 34.15 representing sequential growth of 32% and 33%, respectively. According to TRENDFOCUS' new report (SDAS: HDD Information Service CQ2 '21 Quarterly Update - Executive Summary August 5, 2021), Toshiba's four-quarter average unit and capacity shipped growth rates for Nearline HDDs led all companies at 35% and 46%, respectively. Additionally, Toshiba was the only company to post growth rates higher than the industry's four-quarter average.

"Demand for HDDs, specifically Nearline HDDs, have been on an upward trend due to strong cloud and OEM demand, while the initial launch of the Chia cryptocurrency fueled new incremental channel requirements. Toshiba's competitive Nearline HDD product line up is lifting the company to new records," stated John Chen, Vice President at TRENDFOCUS, Inc. "Moreover, Toshiba's FC-MAMR (Flux Control - Microwave Assisted Magnetic Recording) technology used in its 18 TB (MG-09) Nearline HDD product should provide a robust foundation to build upon for its next-generation products."