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    1TB hard drive prices skyrocket 180 percent due to Thailand floods

    As predicted, the price of hard drives has soared a staggering 180 percent, in some cases, due to widespread, long-term flooding in Thailand. According to computer engineer Marc Bevand, who has observed the soaring price tags, 1TB drives have experienced the most notable jump.

    The literal breaking point, writes Bevand on his blog, Zorinaq, came after the flood waters seeped into the Bang Pa-In Industrial Park, the Navanakorn Industrial Park and the Bangkadi Industrial Park. These three industrial parks, located in Pathum Thani province near Bangkok, house all the manufacturing facilities in Thailand for both Western Digital and Toshiba. And, according to Bevand, “all of them have been rendered inoperable,” something Western Digital had feared would happen.

    According to some estimates, roughly 60 percent of Western Digital’s total hard drive production takes place in Thailand, as does 50 percent of Toshiba’s. The Western Digital factory in the Bang Pa-In industrial park produced 25 percent of all the world’s “sliders,” which are a vital component of traditional hard drives. As The New York Times reports, workers attempted to salvage what they could of the factory’s inventory. But much was lost at the production plant as, “[t]he ground floor resembled an aquarium and the loading bays were home to jumping fish.”

    The tenacious floodwaters engulfing Thailand are the worst the country has seen in 50 years. So far, more than 1,000 factories across the country have had to shut down due to the water.

    The flood waters, which have displaced more than 120,000 people, are not expected to recede until mid-December, and disruptions to the world’s hard drive production could last well into next year.

    Image credits: Vitaly Korovin /Shutterstock.com

    This article was originally posted on Digital Trends

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    • Chouster  •  5 mths ago
      Even if they moved all the drives, they can't produce them anymore until a new factory is made online which could take... over a year at least at best. There's going to be the legal work of insurance and procurement of new locations. Looks like some mergers are going to happen this year if they want to stay alive. They raised the price in order to keep inventory open until they have their production going again, so they can survive as a company. Some people just don't understand how a business work.
    • HmGrwnSnc1984  •  Tustin, United States  •  6 mths ago
      Let me guess......this increase in hard drive costs due to the floodings in Thailand is all somehow Obama's fault, right?
      • James 6 mths ago
        Why yes.......if you're a GOPer. I mean it's Obama's fault there was a flood on Thailand because his birth certificate is fake and his Socialist ways are against God. Come on.......take the pill FOX news is giving you!!!! HA HA.
    • Rob  •  6 mths ago
      already got mine lol.
    • OK  •  Ashburn, United States  •  6 mths ago
      #$%$ they moved all the HD's long before the water rose. Another con by big business to just rasie prices. Fool me once shame on you, Fool me twice shame on me. I was there and I saw it DUH
    • OK  •  6 mths ago
      This is BS, I know I live there. They had moved all the HD's long before the flood waters rose. Another con by business to just rasie prices. Damn people can be fooled only so often before there is a back lash
    • Poster  •  San Francisco, United States  •  6 mths ago
      Hmm. 1 TB HD at best buy is going for $69.99. So where is the 180% price rise?
    • Jeremy  •  Halifax, Canada  •  6 mths ago
      From around $50 to $150 is a massive increase, it's going to affect businesses around the world.
    • stormtiger  •  6 mths ago
      A prime example of why the global economy DOESN'T work.
    • Scott  •  Sydney, Australia  •  6 mths ago
      I am sure the big companies can find kid workers in some other 3rd world hell hole to make these components, That way I dont have to pay more. Maybe we should be taxing carbon dioxide? I heard thats the number 1 problem in this world...not poverty or disease don't you know
      • Laura 6 mths ago
        Extremely rude and ignorant of you to call Thailand a "3rd world hell hole."
      • Gary S 6 mths ago
        honey, what would you call it
    • Emma  •  Las Vegas, United States  •  6 mths ago
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      people, are not expected to recede until mid-December, and disruptions to the world’s hard drive produc
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