WD and Kioxia Revive Merger Talks

To read this article from Bloomberg, click on:
Western Digital, Kioxia Revive Merger Talks With flash Memory Demand Sinking
Discussions follow 2021 push that failed to yield transaction. WD shares rise over 7% in pre-market; market cap $11 billion.

“This would create a company with meaningful scale in NAND flash memory and could structurally improve the broad NAND market. The combined NAND revenue share would be 33%, rivaling market leader Samsung“, said Woo Jin Ho, BI senior technology analyst.