Japanese chipmaker Kioxia, Western Digital in merger talks

Japanese chipmaker Kioxia Holdings Corp. and its U.S. peer Western Digital Corp. are in detailed talks about merging their operations, a move that could create a new memory chip company with a global share on par with its leading rivals, people familiar with the matter said Friday.The two companies are considering setting up a joint venture to integrate their production and sales operations, and Kioxia may hold the larger stake in the new company, the sources said.Their talks on business integration come as their earnings are under pressure due to a plunge in demand for NAND flash memory ch…READ FULL ARTICLE