Home > News content

According to sources, Kaixia and Western Digital are in the final stage of merger talks, and the new company will become a leader in the global NAND storage industry

via:IT之家     time:2023/6/5 18:03:44     readed:205

Japan's Kyodo news agency reported that the merger talks between NAND memory maker Kaixia and Western Digital have entered the final stage of adjustment, with Kaixia taking the lead in the new combined company.

▲ Picture Source: Kai Xia

The combined company is expected to surpass Samsung as the world's largest NAND memory maker by revenue, the report said. The two companies are seeking a merger to improve operating efficiency as the market for storage products used in smartphones and other applications deteriorates and results are sluggish. The report cited people familiar with the matter as saying that the merger will be further negotiated on details such as the proportion of capital contribution under Kaixia's control.

▲ Picture Source: Kai Xia

According to Omdia, a research agency, Kaixia and Western Digital ranked third and fourth in terms of market share in 2022. The combined NAND memory is expected to generate 2.5 trillion yen (126.75 billion yuan) in revenue, surpassing Samsung Semiconductor, the industry leader.

IT Home has learned that Kai Xia was born in the "father of flash memory" Toshiba. Kaixia will invest 43 percent of the combined company, Western Digital 37 percent, and the remaining 20 percent will be owned by existing shareholders such as Toshiba Corp, Reuters reported, citing sources familiar with the matter. The combined company plans to list on the Tokyo Stock Exchange in the future.

translate engine: Youdao

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments