---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-107068"
form_type: "8-K"
ticker: "STX"
cik: "0001137789"
company_name: "Seagate Technology Holdings plc"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:23:14.948925+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Seagate sells SoC assets to Broadcom subsidiary for $600M cash

## Summary
- Sold SoC-related IP, equipment, and assets to Avago Technologies (Broadcom subsidiary) for $600M in cash.
- Broadcom affiliate to offer employment to certain Seagate employees engaged in SoC operations.
- Existing purchasing agreement with Broadcom subsidiary restructured as part of the transaction.

## SEC filing metadata
- accession: 0001193125-24-107068
- form_type: 8-K
- ticker: STX
- cik: 0001137789
- company_name: Seagate Technology Holdings plc
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1137789/000119312524107068/0001193125-24-107068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1137789/000119312524107068/d821361d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-107068
- JSON: https://secwatch.observer/filing/0001193125-24-107068.json
- Plain text: https://secwatch.observer/filing/0001193125-24-107068.txt

## Key facts
- Material Agreements
  Seagate Technology Holdings plc entered into Asset Purchase Agreement with Avago Technologies International Sales Pte. Limited valued at $600,000,000 (effective 2024-04-23).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Avago Technologies International Sales Pte. Limited
  - Value: $600,000,000
  - Effective: 2024-04-23
  source text: On April 23, 2024, Seagate Technology Holdings public limited company (the “ Company ” or “ Seagate ”) and Seagate Technology LLC, a Delaware limited liability company, Seagate Technology HDD (India) Private Limited, a private company incorporated under the laws of India, and Seagate Singapore International Headquarters Pte. Ltd., a private company incorporated under the laws of Singapore, each a subsidiary of the Company (such subsidiaries, the “ Seagate Sellers ”), entered into an Asset Purchase Agreement (the “ APA ”) with Avago Technologies International Sales Pte. Limited, a private company incorporated under the laws of Singapore (“ Purchaser ”) and a subsidiary of Broadcom Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1137789/000119312524107068/0001193125-24-107068-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.