Seagate 'here to stay' despite factory closure

Seagate Technology Plc will continue investing in China as the US hard-disk drive manufacturer expects the booming robotics and internet of things industries to revive demand for its products.

The announcement came shortly after the company closed its factory in Suzhou, Jiangsu province, and laid off more than 2,000 employees.

"Our factory in Wuxi will remain one of only two final assembly factories at Seagate. And we plan to continue investment in the factory to optimize its operation in order to meet market demand," Seagate said in an email to China Daily on Tuesday.