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Western Digital is going to split into two independent companies next year, and both of them will focus on storage. One on HDDs and the other Flash Memory.
In a surprise move, Western Digital is splitting its hard disk drive (HDD) and flash memory storage businesses into separate companies, effectively spinning off its solid state drive (SSD) division.
Shares of leading data storage manufacturer Western Digital (NASDAQ: WDC) jumped 14.8% in the pre-market session after the company reported first-quarter results that blew past analysts' EPS expectations, driven by strong outperformance in its flash memory division. We were also glad its inventory levels shrunk. On the other hand, its operating margin fell, and its gross margin shrunk. Aside from the earnings print, Western Digital said it would separate its HDD and flash memory businesses into
Dublin, Sept. 29, 2023 (GLOBE NEWSWIRE) -- The
Software-Enabled Flash gives storage developers complete control over data, latency, workloads, and more, and it's one step closer.