Spun off flash and HDD businesses, storage giant begins reviewing strategic options
Recently, the global flash memory chip giant Western Digital announced on its official website that the company is reviewing potential strategic options aimed at further optimizing long-term shareholder value.
Western Digital said the executive committee of the company's board of directors will oversee the evaluation process and fully evaluate a range of alternatives, including the option to separate its market-leading flash memory (NAND Flash) and HDD franchises.
Previously, Western Digital's largest shareholder, Elliott, had called for Western Digital to separate its flash memory business.Elliott believes that if Western Digital completely spins off the flash memory business, it will make its hard disk and flash memory businesses more successful at the same time, and refocusing on the hard disk business is also expected to give Western Digital a chance to soar to 2023 before the end of the year. 100 dollars.Elliott managing partner Jesse Cohn and senior portfolio manager Jason Genrich said Elliott is prepared to provide strategic resources and additional capital to help Western Digital realize the full value of its two businesses.Elliott has previously said it will invest $1 billion to assist Western Digital in a business spin-off or as equity financing for a sale or merger.