Thai hard disk drive makers brace for demand slump

Bangkok

AFTER more than two years of riding high on growing demand for cloud data storage, Thailand's hard disk drive exporters are bracing for a fall from grace.

Data due later on Monday will likely show Thai exports of hard disk drives (HDDs) in March extended a run of double-digit growth after jumping 45 per cent in the first two months of 2016 to US$1.1 billion. The rise was a rare bright spot in Thai tech manufacturing, beset by cheaper competition from China.