Western Digital to split flash memory unit, refinance debt

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Go back to Western Digital to split flash memory unit, refinance debt

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

October 30, 2023 8:34 AM EDT

(Updated - October 30, 2023 9:09 AM EDT)

Western Digital (NASDAQ: WDC) shares surged more than 13% premarket Monday after the company announced it would split its HDD and Flash businesses. The company also reported earnings, which topped consensus expectations.

The news of the split up of WDC's HDD and Flash businesses comes days after talks of a merger with Japan's Kioxia stalled. The company said it will create two... More