May. 16, 2023 /SemiMedia/ -- According to Reuters, Kioxia Holdings and Western Digital are speeding up merger talks and finalizing the deal structure.

According to the plan currently being formulated, Kioxia will own 43% of the shares after the merger, Western Digital will own 37% of the shares, and the remaining shares will be owned by the company's existing shareholders.

For now, no decisions have been made by the companies, and details could change.