Western Digital Corp. To Separate HDD And Flash Businesses; Co. To Form Two Independent Public Companies Focused On Data Storage Growth In HDD And Flash Markets
Portfolio Pulse from Benzinga Newsdesk
Western Digital Corp. has announced plans to separate its HDD and Flash businesses, forming two independent public companies focused on data storage growth in HDD and Flash markets.
October 30, 2023 | 12:01 pm
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Western Digital's decision to separate its HDD and Flash businesses could potentially lead to increased focus and growth in both markets.
The separation of Western Digital's HDD and Flash businesses into two independent companies could allow each entity to focus more on their respective markets, potentially leading to increased growth and profitability. This could positively impact the company's stock price in the short term.
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