# Western Digital and Kioxia to merge, forming largest NAND flash maker

Western Digital and Kioxia are finalizing a merger agreement expected this month, creating a holding company that will be the world's largest NAND flash memory maker. Western Digital shareholders will own 51% and Kioxia shareholders 49%, with Toshiba owning about 19.6% of the new entity.

- Type: Acquisition
- Announced: 2023-10-13
- Where: Japan
- Status: rumored
- Products: NAND flash memory
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Western Digital](https://endata.com/companies/21541.md)
- [Toshiba](https://endata.com/companies/8893.md) (investor)
- [Western Digital](https://endata.com/companies/21541.md) (acquirer)
- [Kioxia Corporation](https://endata.com/companies/50829.md) (target)

## Sources

- [petapixel.com](https://petapixel.com/2023/10/13/wd-and-kioxia-to-merge-nand-flash-business-and-take-on-samsung/), 2023-10-13: "WD hopes that the planned merger will increase the company's competitiveness."
- [tomshardware.com](https://www.tomshardware.com/news/western-digital-and-kioxia-to-announce-merge-this-month-report), 2023-10-22: "Kioxia and Western Digital Corp. are on the cusp of finalizing their merger, anticipated to be agreed upon as early as this month."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.