Kioxia and Western Digital's flash memory business merger negotiations stalled due to shareholder opposition

Kioxia had been in merger talks with Western Digital on its flash memory business, but the talks stalled due to opposition from Kioxia's shareholder SK Hynix. Despite this, many industry insiders still believe that Kioxia and Western Digital may merge in the future. Kioxia is currently facing the pressure of performance losses and the challenges of declining demand and falling prices in the memory chip market.