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(Reuters) Western Digital said on Monday it would spin off its flash memory business that has been grappling with a supply glut after talks of merg

David goeckelerWestern digitalWall street

Western Digital to Separate Flash-Memory Business The Stock Is Rising

Shares surge Monday after Western Digital says it intends to split its disk-drive and flash memory businesses into independent companies.

Adam clarkDavid goeckelerJustin sullivan gettyWestern digitalJapan kioxia holdingsGetty imagesElliott investment managementNikkei asiaArticle normalComputers consumer electronicsComputer storage devicesComputer peripheralsComputer hardwareFinancial performanceShare price movement disruptionsCorporate industrial news

Western Digital to split flash memory business after Kioxia merger talks stall

Western Digital said on Monday it would separate itself into two independent public companies focused on data storage growth in hard drive and flash markets.

David goeckelerJapan kioxia holdingsWestern digitalSamsung electronicsElliott managementKioxia holdingsWestern digital kioxiaBreaking news marketsBreaking news technologyWestern digital corpBusiness news

Western Digital Posts Adj Loss In Q1, Revenue Down 26%; To Form Two Independent Public Companies

Western Digital Corp. (WDC) reported a first quarter net loss to common shareholders of $700 million compared to profit of $27 million, last year. Loss per share was $2.

David goeckelerThomson reutersDigital corpWestern digitalEstern digital

Western Digital (WDC) to split HDD and Flash businesses, reports Q1 beat

Western Digital (WDC) to split HDD and Flash businesses, reports Q1 beat
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