Even though the supply chain crisis and the semiconductor chip shortage are curbing the computer hardware industry’s growth, the industry’s prospects look bright. The demand for computer hardware has been increasing, with companies rearranging their operations to make hybrid working a permanent feature. Moreover, amid rapid digital transformation, the adoption of advanced technologies such as the internet of things (IoT), artificial intelligence (AI), and cloud-based services is expected to rise, leading to a growing need for computer hardware. According to Globe Newswire, the global computer hardware market is expected to grow at a CAGR of 6% by 2025. Therefore, both Western Digital Corp. (WDC) and Seagate Technology Holdings (STX) should benefit.
WDC develops, manufactures, and sells data storage devices and solutions. It offers client devices, including hard disk drives and solid-state drives for computing devices. STX provides global data storage technology and solutions. It offers hard disk and solid-state drives.
