TECH - Western Digital Set To Merge With Japan's Kioxia Further Consolidating Chip Market | Benzinga
Japanese chipmaker Kioxia Holdings and its U.S. peer Western Digital Corp (NASDAQ: WDC) are expected to agree on a merger soon.
What Happened: The two companies look to set up a holding company to integrate their operations producing NAND flash memory chips, widely used in devices such as PCs and smartphones.
The combined entity will likely list on the Nasdaq stock exchange, the Japan Times reported.
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Western Digital shareholders will own over 50% of the ...