Western Digital (WDC) to Form Two Independent Public Companies Focused on Data Storage Growth in HDD and Flash Markets
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Western Digital to Form Two Independent Public Companies Focused on Data Storage Growth in HDD and Flash Markets
October 30, 2023 8:00 AM EDTSeparation Represents Value-Accretive Next Step for Both HDD and Flash
SAN JOSE, Calif.--(BUSINESS WIRE)-- Western Digital Corp. (NASDAQ: WDC) (Western Digital or the Company) today announced its Board of Directors has unanimously approved a plan to separate its HDD and Flash businesses. Creating two independent, public companies with market-specific, strategic focus, the companys separation will better position each franchise to execute innovative technology and product development, capitalize on unique growth opportunities, extend respective leadership positions, and operate more efficiently with distinct capital structures. The transaction also provides strategic... More
