Merger talks between Western Digital and Kioxia stall: Sources

Western Digital Corp’s talks to merge with Japanese chipmaker Kioxia Holdings Corp have stalled, according to two people familiar with the matter, highlighting challenges in completing deals in the evolving semiconductor sector.

The talks reached a standstill in recent weeks over a series issues, including valuation discrepancies, uncertainty over securing approval from the Japanese government and an ongoing strategic review at Kioxia shareholder Toshiba Corp, the people said.