Seagate has introduced the Exos M series, a range of enterprise-grade mechanical hard drives available in 30TB and 32TB capacities. The two models, the 30TB CMR ST30000NM004K and the 32TB SMR ST32000NM003K, each offer a minimum of 3TB per disk and use a standard 3.
They work through electron tunneling through a semiconductor, so something does go through them like an old punch card reader
Current ones also store multiple charge levels per cell, so they’re no longer one bit each. They have multiple levels of “punch” for what used to just be one bit.