Micron Technology's solid-state drive for data center customers is presented at a product launch event in San Francisco(Reuters) - Micron Technology Inc and Western Digital Corp are individually exploring a potential deal for Kioxia Holdings Corp that could value the Japanese semiconductor firm at around $30 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. (https://on.wsj.com/3rCJjvd)Kioxia Holdings Corp, the world's second-largest maker of flash memory chips, had last year shelved plans for what would have been Japan's largest initial public offering in 2020. Previously known as Toshiba Memory, Kioxia had planned to list on the Tokyo Stock Exchange on Oct. 6, offering up to 334.3 billion yen in shares. According the WSJ report, an IPO later this year is still a possibility should Kioxia fail to reach a deal with one of the suitors. Micron declined to comment, while Western Digital and Kioxia did not immediately respond to Reuters' requests for comment.

Source: Wall Street Journal May 04, 2024 22:56 UTC