Western Digital Set To Merge With Japan's Kioxia, Further Consolidating Chip Market
Portfolio Pulse from Anusuya Lahiri
Western Digital Corp (NASDAQ:WDC) and Japanese chipmaker Kioxia Holdings are expected to merge soon, with a holding company set up to integrate their NAND flash memory chip operations. The combined entity will likely list on the Nasdaq stock exchange. Western Digital shareholders will own over 50% of the new company, with Kioxia holding the remaining stake. The combined market share of Kioxia and Western Digital for NAND memories stood at 35.4% as of March.
October 13, 2023 | 4:53 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Western Digital is set to merge with Kioxia Holdings, which could strengthen its position in the NAND flash memory chip market.
The merger with Kioxia Holdings could potentially strengthen Western Digital's position in the NAND flash memory chip market, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Toshiba Corp, a shareholder of Kioxia, could be indirectly affected by the merger between Western Digital and Kioxia.
As a shareholder of Kioxia, Toshiba Corp could be indirectly affected by the merger between Western Digital and Kioxia. The impact on its stock price is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Samsung Electronics, a competitor in the NAND flash memory chip market, could face increased competition due to the merger between Western Digital and Kioxia.
Samsung Electronics, a competitor in the NAND flash memory chip market, could face increased competition due to the merger between Western Digital and Kioxia, which could negatively impact its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Taiwan Semiconductor Manufacturing Company Ltd could face increased competition in the chip market due to the merger between Western Digital and Kioxia.
Taiwan Semiconductor Manufacturing Company Ltd could face increased competition in the chip market due to the merger between Western Digital and Kioxia, which could negatively impact its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50