Western Digital in talks with Kioxia over mergerBEEFING UP: Western Digital and Kioxia’s combined sales last year trailed Samsung’s sales closely, and a merger would enhance flash memory competitionBloombergWestern Digital Corp is in talks to merge with Japan’s Kioxia Holdings Corp in a deal that could unite two technology storage providers, a person familiar with the matter said. A Western Digital Corp office building is pictured in Irvine, California, on Jan. 24, 2017. Western Digital shares rose 7.8 percent in New York after the talks were reported by the Wall Street Journal, giving the company a market value of about US$20 billion. Kioxia and Western Digital had combined sales of about US$17 billion in flash memory chips last year, IDC Corp data showed. Western Digital has provided Kioxia with funds for capital expenditure, and research and development in return for production out of its Japanese partner’s plants.

Source: Taipei Times August 26, 2021 15:56 UTC