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Western Digital Stake Cut Gives Sandisk More Autonomy In AI-Focused Memory
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Western Digital Stake Cut Gives Sandisk More Autonomy In AI-Focused Memory
Western Digital plans to exchange roughly half of its Sandisk shares for its own stock, cutting its stake in Sandisk by about 50%. The transaction marks a shift in the relationship between the two companies, with Sandisk likely to operate with greater independence. The move has drawn immediate attention from investors, reflected in share price reactions for both Western Digital and Sandisk. For Sandisk (NasdaqGS:SNDK), this stake reduction lands…
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