Western Digital and Japan’s Kioxia Call Off Talks to Create One of the World’s Biggest Chipmakers

Western Digital Corp and Japan’s Kioxia Holdings have broken off talks to create one of the world’s biggest chipmakers, the Nikkei newspaper reported on Thursday.

The U.S.-based company earlier in the day notified Kioxia it would exit the talks after the merger failed to secure approval from SK Hynix, an indirect shareholder in Kioxia, the newspaper said, without saying where it got the information.

The companies were also unable to agree on conditions with top Kioxia shareholder Bain Capital, the report added.

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