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Kioxia has reached out to JIC to invest in merger with Western Digital - Modern Digital India
Wednesday, June 3, 2026
International Investments

Kioxia has reached out to JIC to invest in merger with Western Digital

By Isabella Margaret
Kioxia has reached out to JIC to invest in merger with Western Digital
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© Reuters. FILE PHOTO: Japanese chipmaker Kioxia’s products are displayed at its headquarters in Tokyo, Japan, September 30, 2021. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO (Reuters) – Kioxia Holdings has reached out to state-backed Japan Industrial Partners (JIC) to invest in a planned merger of its flash memory business with that of Western Digital (NASDAQ:), Bloomberg News reported on Friday, citing people familiar with the matter.

Japan’s top banks are set to commit to 1.9 trillion yen ($12.67 billion) in financing to support the merger, Reuters reported on Thursday.

($1 = 149.9400 yen)

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Isabella Margaret
Isabella Margarethttps://moderndigitalindia.com

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