The company, part of China's state-owned Tsinghua Unigroup, will part with nearly $4 billion to expand its reach into the data storage space.
The company largely exits the tape market to focus on its Nexan enterprise data storage systems.
Despite propaganda from disk drive manufacturers, tape is still very popular for backup and archive thanks to technological advances that are increasing its storage capacity.
With capacities of up to 4 TB and read/write performance in the gigabyte-per-second range, Intel aims latest PCIe solid-state drives at business analytics and high-performance applications.
The Kinetic Open Storage Project has gained heavyweight vendor support and promises to disrupt the storage landscape.
Application interfaces have not change to take advantage of significant moves forward.
The current era isn't the only one in which IBM has been challenged by huge shifts in the tech landscape.
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