It has been a long, protracted journey but it seems that Japan’s Kioxia may finally merge with US-based Western Digital in one of the largest M&A transactions in recent years. Citing sources close to the matter, Japantimes wrote on June 2, that both parties are in “in detailed talks about merging their operations” with the creation of a joint venture that would see Kioxia as the majority owner.
The two firms have been exploring such a move for more than two years as it became obvious that joining forces would help streamline operations and increase joint research and development capabilities. Western Digital and Kioxia already operate two plants together in Japan and complement each other nicely when it comes to their respective product mix.
