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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