Latest decision follows failure of Kioxia merger and pressure from activist investor Elliott Management
The veteran US drive maker said today that its board of directors had unanimously approved a plan to carve up operations, creating two new public companies that it believes will better position each business to exploit market opportunities.
He claimed WD has already laid the groundwork for the split via the creation of separate flash and HDD product business units and separating operational capabilities over the past several years. last year, when it complained that Western Digital had not lived up to expectations following the 2016 purchase of SanDisk, a sizable maker of flash memory.
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