Western Digital formally owns SanDisk

Western Digital officially owns SanDisk

The world’s largest storage producer formally will get even greater this week. Western Digital introduced in the present day that the corporate has cleared all the required regulatory hurdles of their deliberate buy of SanDisk.

For a cool $19 billion, Western Digital now will get to name SanDisk (and their sizeable share of the SSD market) their wholly owned subsidiary. Though SanDisk may be greatest recognized for flash reminiscence playing cards and USB sticks, the corporate has been increasing into enterprise pocket book exhausting drives and in addition builds OEM reminiscence elements for Apple and Nvidia. Bonus trivia: Again in 2014, SanDisk founder Dr. Eli Harari was honored by President Obama for “revolutionizing the flash storage business.”

Each Western Digital and SanDisk are headquartered in California, however at present’s last regulatory announcement comes from China’s Ministry of Commerce. In a press release, SanDisk CEO Sanjay Mehrotra stated his firm, “look[s] ahead to contributing to the success of Western Digital because it transforms into the main storage options firm.” The deal will formally buttoned up for good on Thursday, Might twelfth.