Thursday, August 26th 2021
KIOXIA and Western Digital in Merger Talks
KIOXIA and Western Digital are in talks to merge, creating a behemoth in the data storage industry. This would be KIOXIA's first big corporate move after being spun off from Toshiba Corporation as its flash memory business. The combination—if it goes through—would essentially see the merger of three distinct brands—KIOXIA, Western Digital, and SanDisk; with KIOXIA and SanDisk bringing together market-leading expertise in flash memory; and Western Digital bringing in "warm" and cold storage solutions, such as hard drives. 5G is expected to create an explosion in data, and the merged trans-Pacific entity could more effectively address it. A deal worth $20 billion could be struck by mid-September, if the merger talks succeed. KIOXIA is declining to comment on the story, as it prepares its IPO that includes shares from Toshiba and Bain Capital. Shares of Western Digital, meanwhile, are trading up.
Source:
Bloomberg
21 Comments on KIOXIA and Western Digital in Merger Talks
Baaaaaddddd.:fear:
www.techpowerup.com/forums/threads/toshiba-memory-to-rebrand-as-kioxia-in-october.257490/
www.techpowerup.com/forums/threads/kioxia-formerly-toshiba-memory-makes-its-ces-debut.262774/
I sincerely hope this is shut down immediately by whatever regulatory agencies are relevant. The storage sector needs more competition, not less.
Or it might be different democratic bodies of power that regulate finaces, like the guys who bailed all hedge funds during the recent Robin Hood weaponised autism act? I'm not sure, I may be mixing them all.
As for the experiences, I found out they can vary wildly for each individual.
But, again, how does this relate to trade regulatory bodies? Yes, those can absolutely be (and very often are) instruments for imperialism, but ... that's not applicable in this case whatsoever. And I utterly and completely fail to see how the fact that the west has generally screwed over, exploited and brutalized the rest of the world for the past few centuries is relevant to whether or not trade regulation is a good thing. Trade regulations can (and do) exist outside of western countries, after all.
It's also pretty naïve to talk detrimentally about "democracy" in relation to US warfare - the US is barely a functioning democracy at all, with its current legislation, governmental practices and power relations being much closer to an oligarchy. That they love to propagandize their imperialist warfare through racist and colonialist ideas of "exporting democracy" and similar BS is just how they try to sell it to the general public. The US drive to war is backed by massive corporations, their owners, and the deeply self-interested US military, and has near zero relation to the more democratically controlled parts of US society. Like, when was the last time an elected US official argued for cutting military spending? They would be buried under a mountain of propaganda and slander and would be pushed out immediately, regardless of actual public opinion. ... let's see: So, yes: these bodies are too often utterly ineffectual (or even sufficiently corrupt to work against their intended purpose), in no small part thanks to concerted political efforts from pretty much all politicians in the countries with the most global economic power for the past ~60 years (yes, saying it was since Reagan was a bit optimistic - Milton Friedman's lunatic ideas gained traction in the 60s). But, and this is crucial: is the fact that these systems have been broken (not are broken, but have been actively broken, on purpose, by people wanting to do so) an argument against effective regulation? That makes no logical sense - if anything, recent history shows us what happens when you don't have effective regulation. The problem isn't the systems or the intent behind them, the problem is that every single effective measure at their disposal has been systematically dismantled over a period of decades. Deregulation only further entrenches power in the hands of those who already have it. And that power allows them to hijack any alternative system that is invented - crypto becoming an investor darling is an apt illustration of this. It's uncanny, almost as if that is exactly the point of what I said.
Anyway, the short version.
I used the wrong tense when I mentioned Vietnam and the Balkans. I meant what the U.S. did there, concealed as a democratic act. Since the Balkans is less known to the general public, let me elaborate a bit what US' involvement was there. They basically marched in the Balkans and 'helped' some countries get their 'independence'. It's like Russia to go and help fight for Texas' independence, if Texas was to leave the U.S. forcefully.
As for the rest, as I said I may be mixing all the regulatory bodies, comissions, etc. After all, it's my understanding that they stem from the same place - by the people, for the people [Eagle!:D]
As for the part before the last one, I think it utterly true but it also contradicts completely your previous post, i.e. where we started it all. First you say 'don't worry, everything is regulated' and then 'the regulation is totally broken'. Or maybe I didn't put much effort comprehending it?
finance.yahoo.com/news/western-digital-says-resubmitted-bid-062808765.html
So I ask now, what if, and this is a reach, that this was planned out, since its been less than 2 years and this comes up. Are there any earning reports that indicate Kioxia was in financial trouble?
Also, do you think the US invented trade regulations, or government oversight? Uh ... that's rather out there in terms of assumptions. Being the most powerful country on earth for half a century clearly made their version of regulations and the ideologies behind them dominant, but that doesn't mean their way of doing things is the only one in existence. But there are plenty of alternative approaches - though thanks to neoliberal politicians enacting sweeping trade agreements with vast legislative power, these have been on the decline.
As for any of this being "democratic acts" - as I said, the US has effectively been an oligarchy for quite a while now, and it's highly debatable whether US international policy has any relation to its version of democracy. Of course international democracy doesn't exist at all. But nobody in the US has ever voted for going to war, and since WWII (and before, but at least then there was a legitimate threat) there has been a huge propaganda effort put into convincing Americans of the moral right of the US to do as they please militarily and economically, including violent and systematic suppression of dissenting voices. So again, any claim to democratic involvement in those things is tenuous at best. Which is exactly why I said this: The idea has been implemented, worked well for a while, but has been systematically deconstructed and is currently a shell of what it was. That doesn't mean it doesn't occasionally work - but it's down to a lot of luck and happenstance. And I hope we're lucky enough for this to be one of those cases.