Friday, August 27, 2021

Western Digital $20 billion all-stock offer for Kioxia poses valuation, cash challenge: Analysts

Kioxia is one the largest players in NAND memory chips that provide the storage space in phones and hard drives, competing with South Korea's Samsung and SK Hynix. Hynix last year agreed to buy U.S. chipmaker Intel Corp's NAND business for $9 billion.

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