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The resulting entity would have been the world's largest manufacturer of flash memory and storage, but it seems that, for now, the deal is off.
Western Digital Corp. (WDC) reported a first quarter net loss to common shareholders of $700 million compared to profit of $27 million, last year. Loss per share was $2.
As far back as mid-2021, we heard rumblings that Western Digital was in advanced talks to merge with Japan's Kioxia (formerly known as Toshiba Memory). The two...
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Demand also remains low in China, the market for nearly a third of Seagate's revenue, amid an uneven economic recovery in the country after it abandoned its strict zero-Covid policy.