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Western Digital is spinning off its flash reminiscence enterprise as gross sales decline

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Western Digital is splitting into two firms: one for its flash enterprise and one other for its exhausting drive storage merchandise. The company announced the change alongside its earnings outcomes on Monday, noting that spinning off its flash enterprise will permit Western Digital to “notice its full worth.”

“Our HDD and Flash companies are each properly positioned to capitalize on the info storage trade’s important market dynamics,” Western Digital CEO David Goeckeler mentioned in a press release. “Given present constraints, it has develop into clearer to the Board in latest weeks, that delivering a stand-alone separation is the correct subsequent step.”

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