The merger of the American Western Digital with the Japanese manufacturer of flash memory, including Kioxia, is almost complete. The deal is expected to close this month.

There would be an agreement to merge Western Digital and Kioxia. Last month, three Japanese banks appeared to be preparing to support both companies, and the deal now appears to have been completed. According to Kyodo News, the merger of the two memory manufacturers could become a reality as early as this month. There are several resources related to the case on the website.

A great memory

If Western Digital and Kioxia do form a unit, they will be the world’s largest memory chip maker. The plan would be to set up a holding company and integrate both flash and NAND memory production into it.

The sources mentioned have also confirmed that there are actual plans to list this new merged company on the Nasdaq technology exchange. Western Digital shareholders are said to own a slim majority of the company. The rest is for Kioxia.

Currently, Western Digital and Kioxia’s combined NAND memory market share is 35.4 percent. A narrow lead over Samsung (34.3 percent). Given the increasing importance of chips, it remains unclear whether foreign regulators will accept this merger.

Since 2021 there have been discussions about the merger of Western Digital and Kioxia. The current negotiations go back to May of this year. Both parties are keeping a low profile from the outside world for the time being.