Kioxia and Western Digital close to flash memory merger
Western Digital is close to resurrecting a deal to merge its flash memory business with Kioxia, the former memory business of Toshiba.
The deal would see a joint listing in the US and Japan, says a report by Bloomberg. The two companies have a long standing cooperation and were discussing a merger in 2021/
This comes as the memory market has collapsed in the downturn and follows the stalled merger talks in September 2021. The merged company was intended to create a company large enough to take on Samsung in NAND flash memory.
- Toshiba looks to two way split and sell off
- Kioxia, Western Digital to get $690m subsidy for wafer fab
- Kioxia, Western Digital develop 162-layer 3D-NAND
Toshiba itself is still going through a re-structuring that back in September 2021 would have see a three way split. The proposals have since changed to split the company into two, with the Kioxia deal as a key part of the re-structuring.