Major United States chipmaker Western Digital is finalizing plans to “spin off its semiconductor memory business” and merge with Japanese company Kioxia Holdings Corporation., WD hopes that the planned merger will increase the company’s competitiveness. WD is reportedly working with banks and other financial institutions to finalize loan terms and conditions.
explains that the merger between Kioxia and WD’s flash memory business would create a single holding company. ” Interestingly, the new company would be registered in the U.S. but its head office would be in Japan. The company proposes to be listed on the Nasdaq and Tokyo Stock Exchange.
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