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Seagate Technology Holdings Plc. (STX) Management Presents at Annual Virtual Wells Fargo TMT Summit (Transcript)

Dec. 01, 2021 9:11 PM ETSeagate Technology Holdings plc (STX)
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Seagate Technology Holdings Plc. (NASDAQ:STX) Annual Virtual Wells Fargo TMT Summit December 1, 2021 4:00 PM ET

Company Participants

Aaron Rakers - IT Hardware and Semi-Conductor Analyst at Wells Fargo

Conference Call Participants

Gianluca Romano - CFO

John Morris - SVP and CTO

Aaron Rakers

Thank you everybody for joining us this afternoon. I'm Aaron Rakers on the IT Hardware and Semi-Conductor Analyst here at Wells Fargo. Pleased to host a quick discussion with Seagate. We've got Gianluca Romano, CFO and we were lucky enough to have John Morris, the CTO from Seagate join us this afternoon.

So first of all, guys, thank you for taking the time out of your schedule. Really appreciate it.

John Morris

Thank you. Thank you for inviting us today.

Aaron Rakers

Perfect. Maybe.

John Morris

Sorry I'm before we start, let me just remind everyone that we will be making forward-looking statement today, and you can learn more about the risks associated with the statement in our SEC filing on our website.

Aaron Rakers

Great job. Nailed it. So, John, I, don't -- I get to talk to Jean look a lot. I don't -- we've talked, I spoke a few times, but I wanted to start with you because I think the technology curve where we're going from here, the hard drive -- hard disc drive industry is structurally changed dramatically over the last couple of years now. And it's, a significant amount of demand coming from the cloud guys and what's also interesting is that there's a bit of a bifurcation in the technology roadmaps and so I wanted to understand that a little bit more from a Seagate perspective.

You've outlined 50 terabyte capacity points in nearline by 2026. Can you just walk us through the pillars of innovation, the drive towards hammer

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