Western Digital: Combining their flash memory businesses could mean they would control a third of the global NAND flash market, on par with top player Samsung Electronics, and threaten the position of SK Hynix, the world s No. 3 maker of NAND flash memory.
(Bloomberg) SK Hynix Inc. declared its opposition to a merger of Kioxia Holdings Corp. and Western Digital Corp., introducing more uncertainty to a landmark US-Japanese deal years in the making.Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachineApple Plans AirPods Overhaul With New Low- and High-End Models, USB-C HeadphonesIsrael Is Losing Support as Fury Grows Over Its Strikes on GazaTrump Ally Mike Johnson Elected House Speaker, Shifting GOP Further RightPost
Kioxia: Several tech deals have been scuppered in recent years due to delays in regulatory approvals or rejections by China. In August, Intel Corp scrapped its $5.4 billion offer for an Israeli contract chipmaker after their merger deal expired without regulatory approval from China.