Back in 2019, Toshiba Memory spun off into its own company and rebranded as Kioxia. Now, just two years later, there is talk of a huge merger, which would see Kioxia combining with Western Digital in a deal worth around $20 billion.
According to WSJ (via Reuters), there are on-going talks about a merger between Kioxia and Western Digital, and a deal could be reached as soon as mid-September. Combined, Kioxia and Western Digital would prove to be a huge rival to Samsung, another giant in the NAND and memory markets.
Currently, it is estimated that Kioxia has a 19 percent share of the NAND market, while Western Digital has 15 percent. Samsung currently dominates the NAND market with over a third of global market share.
There are other challengers rising through the ranks too, as SK Hynix recently agreed to acquire Intel's NAND and storage business for $9 billion, as the memory chip market goes through a period of consolidation.
Discuss on our Facebook page, HERE.
KitGuru Says: As we learned from rumours of Microsoft's discussions with Discord earlier this year, these deals don't always come to fruition. Still, if WD and Kioxia were to merge, it would be a big deal. We should hear more in the coming weeks.