Western Digital To Split Flash Memory Business

Western Digital said on Monday it would spin off its flash memory business that has been grappling with a supply glut after talks of merging the unit with Japan's Kioxia stalled. From a report: The split will leave the data storage products maker with its traditional hard-disk drive business and create two publicly traded firms, giving into demands from activist investor Elliott. The move clears years of uncertainty over Western Digital's flash memory unit that was built through its $19 billion