Western Digital and Unisplendour Corporation Limited Celebrate New Joint Venture Company
Unis-WDC Storage Co., Ltd. to market and sell datacenter storage systems in China
Company to host celebratory event at Nanjing Dongjiao State Guest House
Western Digital Corp. (NASDAQ: WDC) and Unisplendour Corporation Limited (Unis) (SZSE: 000938) under Unigroup today celebrated
the anticipated launch of their previously announced joint venture, which will be called Unis-WDC Storage Co., Ltd. (UNIS WDC). The
new company is owned 51 percent by Unis and 49 percent by Western Digital. UNIS WDC will market and sell Western Digital’s
datacenter storage systems, including its HGST Active Archive system, in China. The joint venture company will also invest in the
development of new products and enhancements to Western Digital’s products to create innovative solutions that address the evolving
needs of the big data market in China. UNIS WDC will maintain corporate headquarters and R&D operations in Nanjing and a sales
and marketing office in Beijing.
UNIS WDC will host a celebratory event today at Nanjing Dongjiao State Guest House. Guests include Xie Zhicheng, Deputy Mayor of
Nanjing; Weiguo Zhao, Chairman of Tsinghua Unigroup; Steve Milligan, Chief Executive Officer of Western Digital; and Qi Lian, Chief
President of Tsinghua Unigroup. Zhang Lei, who has been identified to serve as Chairman of UNIS WDC; and Gary Miao, who has been
identified to become Chief Executive Officer of UNIS WDC.
“Independent Innovation + International Cooperation”
Adhering to China’s development principle of “independent innovation + international cooperation,” UNIS WDC will aim to become
“the strategic partner to China's big data industry.” UNIS WDC is a critical part of Unigroup in its industry coverage “from chip
to cloud.” By combining the leading research and development, design, production and market promotion strengths of Unigroup and
Western Digital, UNIS WDC will offer customized big data storage solutions for the China market.
Unisplendour Corporation Limited of Unigroup holds a majority of the shares of UNIS WDC. Unigroup is focused on expanding its
capabilities across core areas of the information technology industry, including semiconductors, mobile interconnect, cloud
computing and cloud services. “As a Chinese enterprise, Unigroup is focused on executing its information technology development
strategy, of which UNIS WDC is a critical part. UNIS WDC will adhere to the concept of independent innovation and international
cooperation to drive new applications for big data storage in government and local industries. It will focus on data storage,
analytics, security and privacy protection to improve and expand the big data industry ecosystem in China,” said Weiguo Zhao,
Chairman of Tsinghua Unigroup.
Western Digital is the foreign investor of UNIS WDC. The company’s innovative storage solutions that provide customers with high
capacity, flexibility and speed are at the heart of many of the world's largest datacenters and embedded in advanced smartphones,
tablets and PCs. Western Digital completed the acquisition of Hitachi Global Storage Technologies in March 2012. The combination
created the world’s largest hard disk drive company with a leading technology capability and broad product portfolio. In May of
2016, Western Digital acquired SanDisk Corporation to accelerate its expansion in flash storage and become the world’s largest
storage solutions provider. Western Digital is headquartered in Irvine, California, USA.
“As Western Digital continues to expand our investments in high-growth markets such as China, partnerships with growth-oriented
companies, such as Unisplendour Corporation, and local governments are critically important,” said Western Digital Chief Executive
Officer Steve Milligan. “When launched later this year, UNIS WDC will deliver advanced datacenter storage solutions to customers in
this dynamic market.”
Strategic Partner to China’s Big Data Industry
According to IDC, global data generation is estimated to be doubling approximately every two years. In addition, organizations
focused on leveraging the huge data sets they manage with advanced big data computing and analytical technologies, which are
estimated to represent a $32.4 billion market, growing at 27 percent annually. IDC believes the data storage market as a part of
big data will experience 53 percent annual growth. UNIS WDC is designed to help organizations manage the volume, velocity and
variety of data that is transforming the IT landscape and supporting storage ecosystem.
Big data has become a driving force for social development and industry progress. As information technology continues to
develop, the demand for big data storage and applications across all industries has become increasingly important. China has
established a national information industry development strategy outline for the next ten years to build advanced core technical
systems and accelerate progress in targeted areas, including data storage.
UNIS WDC will work with Chinese enterprises to customize big data storage solutions that deliver significant business advantages
for customers in a range of industries, including financial services, media and entertainment, astronomy and meteorology,
telecommunications, genetic science and healthcare.
“UNIS WDC aims to become the leader in comprehensive, secure and controllable core big data storage technologies. We will
practice the ‘ingenious R&D’ concept, focusing on data reliability and maximizing data security for our customers. UNIS WDC
will deliver innovation and optimization by following the standardization principle. By leveraging existing, leading resources, the
company will offer data service solutions tailored to meet the needs of the China market. We will work with partners to build a
win-win ecosystem and help drive innovation and growth of the big data industry in China. Create the future with data!” said Gary
Miao, who has been identified to become Chief Executive Officer of UNIS WDC.
About Western Digital
Founded in 1970, Western Digital Corp. (NASDAQ: WDC), Irvine, Calif., is an industry-leading developer and manufacturer of
storage solutions that enable people to create, manage, experience and preserve digital content. It is a long-time innovator in the
storage industry. Western Digital Corporation is responding to changing market needs by providing a full portfolio of compelling,
high-quality storage products with effective technology deployment, high efficiency, flexibility and speed. Its products are
marketed under the HGST and WD brands to OEMs, distributors, resellers, cloud infrastructure providers and consumers. Financial and
investor information is available on the company’s Investor Relations website at investor.wdc.com.
About Unisplendour
As a leading information technology company in China, Unisplendour Corporation Limited (Unis, 000938.SZ) is dedicated to
research, development, production, sales and service of IT products and solutions. Centered by its “cloud-network-endpoint”
strategy, Unis' business has covered a broad range from servers, storage, networking equipment to IT service, application
development and system integration, and is expanding to cloud computing, mobile Internet and big data processing.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements include those concerning the offerings and anticipated benefits of the joint venture with
Unis and the timing of its commencement of operations. These forward-looking statements are based on management’s current
expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed
or implied in the forward-looking statements, including: the possibility that the joint venture may not commence operations within
the anticipated timeframe; the expected benefits of the joint venture may not materialize as expected; volatility in global
economic conditions; business conditions and growth in the storage ecosystem; pricing trends and fluctuations in average selling
prices; the availability and cost of commodity materials and specialized product components; unexpected advances in competing
technologies; the development and introduction of products based on new technologies and expansion into new data storage markets;
actions by competitors; and other risks and uncertainties in Western Digital’s filings with the Securities and Exchange Commission,
including Western Digital’s Annual Report on Form 10-K filed on Aug. 29, 2016. You should not place undue reliance on these
forward-looking statements, which speak only as of the date hereof, and neither Western Digital nor Unis undertake any obligation
to update these forward-looking statements to reflect subsequent events or circumstances.
Western Digital Corp.
Media Contact:
Jim Pascoe
408.717.6999
jim.pascoe@wdc.com
or
Investor Contact:
Bob Blair
949.672.7834
robert.blair@wdc.com
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