Western Digital (WDC) sinks as Kioxia merger said 'scrapped'
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Western Digital (WDC) to split HDD and Flash businesses, reports Q1 beat
October 30, 2023 8:34 AM EDT(Updated - October 30, 2023 9:09 AM EDT)
Western Digital (NASDAQ: WDC) shares surged more than 13% premarket Monday after the company announced it would split its HDD and Flash businesses. The company also reported earnings, which topped consensus expectations.
The news of the split up of WDC's HDD and Flash businesses comes days after talks of a merger with Japan's Kioxia stalled. The company said it will create two... More
Western Digital (WDC) and Kioxia end semiconductor memory merger talks - Nikkei
October 26, 2023 11:22 AM EDTWestern Digital's (NASDAQ: WDC) semiconductor memory business and Kioxia's merger talks have ended, Nikkei Asia reported it had learned Thursday.
Western Digital shares have plunged more than 11% following the news, trading just above the $37 per share mark.
The... More
