Western Digital to merge with chipmaker Kioxia in $20 billion deal - NewsBreak

Western Digital (Nasdaq: WDC) reportedly is in advanced talks for a $20 billion all-stock merger with Kioxia, the Japanese flash memory chipmaker owned by Bain Capital. Why it matters: This reflects surging demand for memory chips, driven primarily by 5G expansion and the home office boom. It also could set up a series of global regulatory showdowns, if past semiconductor company merger efforts are any guide.