• SHARE

Western Digital Corp. is pitching a fresh proposal to acquire Kioxia Holdings Corp., four years after it lost out on a bid to take over the former Toshiba Corp. chip unit. But the U.S. company’s offer faces familiar hurdles.

Among the challenges: Kioxia’s senior management would prefer going public, officials in the Japanese government are concerned about losing control of a chipmaker, and Chinese regulators are likely to block a U.S. takeover, according to people familiar with the matter. Kioxia plans to file for its initial public offering as soon as next month to capitalize on strong investor demand for chip stocks, said one of the people, asking not to be named because the matter is private.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)