Tag - western-digital

 
 

WESTERN DIGITAL

Kioxia Holdings plans to go public on the Tokyo Stock Exchange as early as October.
BUSINESS
Apr 16, 2024
Kioxia plans to list as early as October as merger talks stall
Kioxia faces a June deadline to refinance as much as ¥900 billion worth of loans, and a public listing will help its negotiations with banks.
The government will extend subsidies worth as much as ¥242.9 billion for Kioxia and Western Digital to expand memory chip production in Mie and Iwate prefectures.
BUSINESS / Tech
Feb 6, 2024
Japan extends subsidies to downturn-hit Kioxia and Western Digital
The funding provides underpinning for the two companies, which have been hammered by a slump in the market for NAND flash chips.
Kioxia and Western Digital have held merger talks since 2021 but the negotiations have often stalled over a series of issues.
BUSINESS / Companies
Oct 27, 2023
Western Digital and Kioxia call off merger talks, source says
South Korea's SK Hynix — a major Kioxia investor — has said it does not back the deal due to its impact on its investment asset value.
Kioxia Holdings has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital and strengthen the combined company’s financial base, according to people familiar with the matter.
BUSINESS
Oct 20, 2023
Kioxia has approached JIC to back Western Digital deal: sources
Kioxia’s lenders are working toward submitting a commitment letter as soon as possible to help facilitate the agreement.
Kioxia's Kitakami plant in Kitakami, Iwate Prefecture. Western Digital and Kioxia initially aimed to reach a decision on a merger in August, but discussions have dragged on as the companies tried to iron out details.
BUSINESS / Companies
Sep 20, 2023
Banks prepare ¥2 trillion funds for Kioxia-Western Digital merger
The moves towards a refinancing commitment would mark a step forward in the merger, which has faced months of delays.
Japan Times
BUSINESS / Tech
Jul 15, 2023
Western Digital and Japan’s Kioxia seek to reach merger deal by August
The deal would be structured as a tax-free spinoff of Western Digital’s flash business, which would merge with Kioxia.
Japan Times
BUSINESS / Tech
Jan 21, 2023
Western Digital talks with Kioxia said to be advancing
Under the terms being discussed, Western Digital would spin off its flash business and merge it with Kioxia, creating a publicly traded company in the U.S.
Japan Times
BUSINESS / Companies
Jan 6, 2023
Western Digital and Kioxia revive merger talks as flash memory demand slides
The companies, which have a joint venture that produces flash chips, have been circling each other for years.
Japan Times
BUSINESS / Companies
Feb 10, 2022
Western Digital and Kioxia say contamination at Japan plants hurt chip output
The two companies, whose partnership is one of the largest producers of flash memory, said they're working to get the plants back to normal operations as quickly as possible.
Japan Times
BUSINESS
Sep 4, 2021
Tokyo ready to back Western Digital-Kioxia deal if key tech stays in Japan, sources say
The tie-up could give Japan greater leverage in geopolitical rivalries increasingly dominated by technology, including over shortages of chips.
Japan Times
BUSINESS / Companies / FOCUS
Aug 30, 2021
Western Digital pitch for new Kioxia deal faces familiar hurdles
Resistance from within Japan, China and Kioxia's own management are among the challenges ahead.
Japan Times
BUSINESS / Companies
Aug 26, 2021
Western Digital in advanced merger talks with Japan’s Kioxia
If finalized, a deal worth more than $20 billion could unite the two technology storage providers.
BUSINESS / Companies
Dec 2, 2017
Toshiba said to be nearing resolution in Western Digital dispute
Toshiba Corp. and Western Digital Corp. are close to settling their legal dispute under an agreement that the U.S. company will drop efforts to block Toshiba's $18 billion sale of its flash-memory business in exchange for the extension of their joint venture agreements, according to people familiar with...
Japan Times
BUSINESS / Companies
Oct 2, 2017
Western Digital's battle for Toshiba: A tale of threats and culture clashes
Steve Milligan was ready to declare victory. A statement was drafted and a photographer was getting lined up for a handshake ceremony planned in Tokyo. As the brash Silicon Valley executive prepared to announce the biggest deal of his career, a prominent Japanese newspaper was reporting his consortium...
Japan Times
BUSINESS / Companies
Sep 13, 2017
Toshiba signs memorandum to favor Bain consortium for chip unit sale
Struggling Toshiba Corp. signs a memorandum of understanding with a consortium led by Bain Capital to accelerate negotiations to sell its flash memory business by the end of September.
Japan Times
BUSINESS / Companies
Aug 31, 2017
Toshiba chip deal stalls amid counteroffers; Apple joins fray
Western Digital deal with Toshiba stalls as the Japan tech giant fielded last-minute new offers for its flash memory business.
Japan Times
BUSINESS / Companies
Aug 15, 2017
Toshiba's hopes for quick chip unit sale imperiled as talks stall over payment timing
Toshiba Corp.'s talks to sell its chip business to a consortium led by Bain Capital have hit an impasse over the timing of payments for business and governance issues, according to people familiar with the matter, casting doubt on the company's ability to complete a deal quickly.
Japan Times
BUSINESS / Companies
Jul 11, 2017
Toshiba talking with Western Digital, Foxconn about chip unit sale, sources say
Toshiba Corp. told its creditor banks it is in talks with Western Digital Corp. and Taiwan's Foxconn over the $18 billion sale of its prized chip unit in addition to its preferred bidder, banking sources familiar with the matter said on Tuesday.
Japan Times
BUSINESS / Companies / ANALYSIS
Jul 9, 2017
Toshiba under pressure to draw up plan B as chip sale falters: sources
As plans to sell Toshiba Corp.'s memory chip unit falter, some bankers and potential investors press the board to seriously consider alternatives, including picking a new buyer.
BUSINESS / Companies
Jun 28, 2017
Toshiba sues Western Digital for ¥120 billion as standoff imperils plans for chip unit sale
Toshiba Corp. filed a lawsuit against Western Digital Corp. on Wednesday seeking a court injunction to end the U.S. firms's efforts to block the sale of its chip unit.

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