Business & Investment

Micron and Western Digital Consider Contract to Acquire Japanese Chip Maker Kioxia

Micron Technology Co., Ltd.
MU,
+ 1.93%

And Western Digital Corp.
WDC,
+ 1.97%

Kioxia Holdings is looking for a deal that could value Japanese semiconductor companies at around $ 30 billion as the global battle for memory chips used in smartphones and other devices intensifies.

Kioxia transactions managed by private-equity fund Bain Capital are not guaranteed and it is not clear how they are structured. Some have said that if the deal is closed, it could close later this spring.

See also below. Micron defends “disciplined” capital investment in a chip shortage

Tokyo-based company Initial public offering plan Before Put on the shelf in late September, Citing the coronavirus pandemic and market volatility. People said an IPO later this year could still be possible if the company did not reach an agreement on a deal with one of the suitors.

Kioxia, formerly part of Toshiba Corporation and known as Toshiba Memory, Purchased in 2018 By a group led by Bain, including Apple Inc.
AAPL,
+ 1.88%
,
Dell Technologies Inc.
Dell,
-0.50%

, Kingston Technology Co. And Seagate Technology PLC
STX,
+ 1.39%
,
With a deal worth about $ 18 billion.Toshiba Corporation
6502,
+ 6.28%

It holds a 40% stake in the business and was renamed Kioxia the following year.

An enhanced version of this report is posted on WSJ.com.

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Micron and Western Digital Consider Contract to Acquire Japanese Chip Maker Kioxia

http://www.marketwatch.com/news/story.asp?guid=%7B21005575-02D4-D4B5-4572-D351D9B39127%7D&siteid=rss&rss=1 Micron and Western Digital Consider Contract to Acquire Japanese Chip Maker Kioxia

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