News Snapshot:
Western Digital and Micron weigh up Kioxia bids By - April 1, 2021 Micron and Western Digital are mulling rival bids over Kioxia, which would value their Japanese competitor at $30bn. The Wall Street Journal which broke this news, describes Kioxia as a” Must-Have for Both Western Digital and Micron “. The NAND business is a game where high volume chip output wins, with cost per bit reducing as manufacturing volume rises. Wells Fargo analyst Aaron Rakers has told subscribers: “We think any move toward NAND industry consolidation would be viewed positively.” In other words, fewer competitors means less glut...
