Western Digital’s merger talks with Kioxia stall

TOKYO: Merger talks between Western Digital and Japan’s Kioxia Holdings have stalled, two sources say, as opposition from Kioxia investor SK Hynix has complicated the on-again, off-again deal to create a memory chip giant.

South Korea’s SK Hynix, itself a major memory chip maker and rival to both companies, said it did not back the deal, citing the potential impact on the value of its investment in Kioxia.