Hard drive prices could go up significantly after the rumored ‘collapse’ of key player — paving the way for growing SSD domination in the storage market

Rumor has it that Resonac, a company that produces a crucial component of hard drives, is in the midst of a collapse, which could mean a serious disruption in the development and distribution of the best hard drives around the world.

After Chinese-language reports suggested that an unnamed HDD component supplier had undergone major layoffs in recent months and was on the verge of closing, some research was done by a sister site Tom’s hardware identified Resonac as the troubled supplier.