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Western Digital in advanced talks of a merger with Kioxia

Memory chip manufacturers Western Digital Corp and Kioxia Holdings are reportedly in advanced talks regarding a possible merger.

According to the proposed strategy, Western Digital would spin off its flash business and combine it with Kioxia to become a publicly traded company in the US, reports Bloomberg citing people with insight.

As pointed out by Reuters, the combination of Kioxia and Western Digital would create a player controlling a third of the NAND flash market, which would position it to match Samsung.

The two companies jointly produce NAND chips in Japan and recently opened its fabrication facility, Fab7, at the Yokkaichi Plant in Mie Prefecture, Japan.

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January 25 2023 12:30 am V20.12.1-1
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