Western Digital, Japan’s Kioxia call off merger talks

TOKYO: Western Digital and Japan’s Kioxia Holdings have called off merger talks after failing to agree on terms of a deal that would have created one of the world’s largest memory chip makers, a person familiar with the matter said on Friday.

South Korea’s SK Hynix – a major Kioxia investor and rival to both the U.S. and Japanese companies – has said it does not back the deal due to its impact on its investment asset value.