What's Going On With Western Digital Stock Tuesday?
Portfolio Pulse from Anusuya Lahiri
Western Digital Corp's stock is trading lower after reports that SK Hynix opposed the company's deal with Kioxia Holdings. SK Hynix, which has an indirect stake in Kioxia, is unwilling to negotiate the integration of the semiconductor division of Toshiba Corp. Western Digital and Kioxia are planning a merger to create a holding company for their NAND flash memory chips operations. Western Digital shareholders will own over 50% of the new company.
October 17, 2023 | 6:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Western Digital's stock is trading lower due to opposition from SK Hynix to its merger with Kioxia Holdings.
The opposition from SK Hynix, a stakeholder in Kioxia, to the merger between Western Digital and Kioxia is causing uncertainty and negatively impacting Western Digital's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SK Hynix approached Softbank Group Corp for cooperation if the integration negotiations fail.
SK Hynix's approach to Softbank Group for cooperation in case of failed merger negotiations with Western Digital may have potential implications for Softbank, but the immediate impact is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The combined market share of Kioxia and Western Digital for NAND memories stood at 35.4% as of March, vs. Samsung Electronics Co, Ltd at 34.3%.
The potential merger between Western Digital and Kioxia could impact the market share dynamics in the NAND memory market, which could have implications for Samsung. However, the immediate impact is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
SK Hynix is unwilling to negotiate the integration of the semiconductor division of Toshiba Corp.
SK Hynix's opposition to the integration of Toshiba's semiconductor division in the merger between Western Digital and Kioxia may have potential implications for Toshiba, but the immediate impact is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50