Kioxia has reached out to JIC to invest in merger with Western Digital

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Masstown farmer launches pumpkins over a kilometre for charity | SaltWireTOKYO - Kioxia Holdings has reached out to state-backed Japan Industrial Partners to invest in a planned merger of its flash memory business with that of Western Digital, Bloomberg News reported on Friday, citing people familiar with the matter.

Japan's top banks are set to commit to 1.9 trillion yen in financing to support the merger, Reuters reported on Thursday.

 

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