The Western Digital logo is displayed outside the company’s factory in the Free Industrial Zone in Bayan Lepas, Penang, Malaysia.
Goh Seng Chong | Bloomberg | Getty Images
Shares of Western Digital were up more than 6% Wednesday afternoon following a Wall Street Journal report the company might merge with Japan’s Kioxia Holdings in a $20 billion-plus deal.
The reported deal comes just months after the newspaper reported that both WD and chipmaker Micron Technology were looking into potential deals with the Japanese company.
A Western Digital spokesperson declined to comment on the report.
The deal, which Western Digital will reportedly pay for in stock, could finalize as early as mid-September, the Journal said, according to people familiar with the matter. The people added that Chief Executive David Goeckeler will likely continue to run the company.