Merger Talks Between Western Digital and Kioxia Stall

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Merger talks between Western Digital and Kioxia stall – sources
Western Digital Corp’s talks to merge with Japanese chipmaker Kioxia Holdings Corp have stalled, according to 2 people familiar with the matter, highlighting challenges in completing deals in the evolving semiconductor sector. The talks reached a standstill in recent weeks over a series issues, including valuation discrepancies, uncertainty over securing approval from the Japanese government and an ongoing strategic review at Kioxia shareholder Toshiba Corp., the people said.