Western Digital, the veteran US drive maker, has approved a plan to divide its operations into two separate companies in order to better exploit market opportunities. The split will allow each business to have a strategic focus and resources to pursue opportunities in their respective markets. The company believes that this move will unlock significant value for its shareholders.
The veteran US drive maker said today that its board of directors had unanimously approved a plan to carve up operations, creating two new public companies that it believes will better position each business to exploit market opportunities .
He claimed WD has already laid the groundwork for the split via the creation of separate flash and HDD product business units and separating operational capabilities over the past several years. last year, when it complained that Western Digital had not lived up to expectations following the 2016 purchase of SanDisk, a sizable maker of flash memory.
Western Digital Drive Maker Operations Split Market Opportunities Data Storage Industry Flash Businesses HDD Businesses Shareholders
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