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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

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Oct 30 3:59 PM EDT

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From: Sam	10/16/2023 8:48:24 AM
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Kioxia, Western Digital inch closer to NAND memory merger By Joseph F. Kovar Oct 16 2023 5:47AM Flash memory and SSD manufacturing giant Kioxia and flash and spinning disk developer Western Digital appear to be inching closer to a long-awaited merger. Japan-based Kyodo News this weekend reported that the two storage vendors are expected to agree as soon as late this month on a merger of their operations. Kyodo, citing unnamed sources familiar with the matter, reported that the two companies are looking to set up a holding company that would merge their NAND flash memory production and list the new company on the Nasdaq stock exchange. Should the merger happen, the new combined company would have a NAND memory market share of about 35.4 per cent, which would vault the company ahead of current market leader Samsung Electronics, which has a 34.3 per cent share, Kyodo wrote. Kyodo said just over 50 per cent of the new company would be owned by Western Digital shareholders, with the remainder owned by Kioxia shareholders. This is in line with Bloomberg estimates last month that 50.5 per cent of the merged business would be held by Western Digital, while 49.5 per cent would be held by Kioxia. crn.com.au

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