Western Digital Corporation today announced WD Blue and WD Green solid state drives (SSDs), the first WD-branded SATA client SSDs. The new SSDs complement the company's industry leading family of hard drives for PCs and workstations, providing a full portfolio of WD storage devices for virtually any application.

The ultimate solution for building DIY PCs, extending the life of current PCs or upgrading existing storage, the WD Blue and WD Green SSDs boast near-maximum speed of SATA drives, best-in-class endurance and MTBF and WD Functional Integrity Testing (F.I.T.) Lab certification, resulting in quick boot times and increased program responsiveness. Consumers benefit from the combination of reliable storage with an industry-leading 1.75M hours MTTF, coupled with reduced power and less heat when compared to HDDs. Both include free, downloadable, WD SSD Dashboard software, which allows continuous performance and capacity monitoring. For consumers who are looking for instant-on responsiveness, durability, low power consumption, and ultra-thin, ultramobile form factors, the WD Blue and WD Green SSDs are the perfect options.

Research and Markets has announced the addition of the "Global PCle SSD Market 2016-2020" report to their offering. The report forecast the global peripheral component interconnect express (PCIe) SSD market to grow at a CAGR of 33.24% during the period 2016-2020. The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, need for managed service data centers will be a key driver for market growth. It is advantageous for an enterprise to operate a colocation facility rather than to build a data center. Data center colocation allows enterprises to rent computing storage, servers, and network. It enables minimal utilization of power and bandwidth and enhances the security of enterprise IT equipment.

Western Digital Corporation, a global storage technology and solutions leader, today unveiled its SanDisk 1TB terabyte (TB) SDXC card prototype at the world's leading trade fair for photo and video professionals. With increasing demand for high resolution content, such as 4K and 8K, the company continues to push the boundaries of technology with solutions that support the exponential growth of data-intensive production demands.

"Showcasing the most advanced imaging technologies is truly exciting for us," said Dinesh Bahal, vice president, product management, Content Solutions Business Unit, Western Digital. "Sixteen years ago we introduced the first SanDisk 64MB SD card and today we are enabling capacities of 1TB. Over the years our goal has remained the same; continue to innovate and set the pace for the imaging industry. The SanDisk 1TB SD card prototype represents another significant achievement as growth of high-resolution content and capacity-intensive applications such as virtual reality, video surveillance and 360 video, are progressing at astounding rates."

Western Digital Corp. (NASDAQ: WDC) today announced that its popular HGST-branded Ultrastar SN150 PCI Express (PCIe) NVMe solid state drive (SSD) is now certified for use with VMware Virtual SAN and vSphere. Optimized for easy set-up, the Ultrastar SN150 SSD for VMWare environments reduces latency, and brings hyperscale-level performance and enhanced Quality of Service (QoS) time to virtualized servers and cloud storage. This can significantly lower the total cost of ownership of VMware storage environments over traditional storage architectures by reducing performance tuning and field support costs. In server-side environments where VMware virtualization management is utilized, the Ultrastar SN150 is an ideal option for data center managers building or deploying systems on VMware Virtual SAN or vSphere.

Part of Western Digital's HGST-branded Ultrastar data center storage solutions family, the certified Ultrastar SN150 is available in a low-profile, half-height, half-length (HHHL), add-in card form factor and is one of the first NVMe SSDs in the industry to utilize VMware's in-box NVMe driver. For data center administrators, this helps eliminate the hassle of time-consuming downloads and configurations, and allows faster deployment. The Ultrastar SN150 drive is available in capacities ranging from 1120GB1 to 3820GB and offers speeds which exceed Virtual SAN's highest performance class (Class F) specifications, enabling it to easily address the heaviest data workloads in a variety of virtualized server and storage configurations, including all-flash and hybrid configurations utilizing flash for caching and hard disk drives for storage capacity.

Western Digital Corporation, a world leader in storage solutions, today announced a new, high-capacity configuration of up to 10TB for its award-winning WD Gold datacenter hard drives. Designed for modern enterprise storage systems, WD Gold 10 TB datacenter hard drives feature HelioSeal helium-technology for high capacity, power efficient storage for datacenter environments.

WD Gold datacenter hard drives are designed for a broad range of applications - including small- to medium-scale enterprise servers and storage, and rack-mount datacenter servers and storage enclosures. WD Gold 10 TB datacenter hard drives feature an optimized design over the existing WD Gold 8 TB drives that helps reduce TCO (Total Cost of Ownership) of servers and storage systems through an 8 percent operating power reduction while delivering 25 percent more capacity. This benefits IT administrators challenged with keeping up with growing storage demands on limited budgets.

Western Digital Corp. today announced that it has successfully developed its next generation 3D NAND technology, BiCS3, with 64 layers of vertical storage capability. Pilot production of the new technology has commenced in the Yokkaichi, Japan joint venture facilities and initial output is expected later this year. Western Digital expects meaningful commercial volumes of BiCS3 in the first half of calendar 2017.

"The launch of the next generation 3D NAND technology based on our industry-leading 64 layer architecture reinforces our leadership in NAND flash technology," said Dr. Siva Sivaram, executive vice president, memory technology, Western Digital. "BiCS3 will feature the use of 3-bits-per-cell technology along with advances in high aspect ratio semiconductor processing to deliver higher capacity, superior performance and reliability at an attractive cost. Together with BiCS2, our 3D NAND portfolio has broadened significantly, enhancing our ability to address a full spectrum of customer applications in retail, mobile and data center."

Toshiba Corporation and Western Digital Corporation today celebrated the opening of the New Fab 2 semiconductor fabrication facility located in Yokkaichi, Mie Prefecture, Japan. Expanded use of flash memory in smartphones, SSDs, and other applications is driving continued growth of the global flash memory market. The New Fab 2 facility will support the conversion of the companies' 2D NAND capacity to 3D flash memory, allowing realization of solutions offering higher densities and better device performance.

Construction of New Fab 2 began in September 2014. Following partial completion of the facility in October 2015, Toshiba and SanDisk (acquired in May 2016 by Western Digital Technologies Inc., a wholly owned subsidiary of Western Digital Corporation) worked together to implement leading-edge manufacturing capabilities for mass production of 3D flash memory, and first-phase production started in March of this year. The parties intend to further invest to expand production capacity over time, depending on market conditions.

Western Digital Corp. (NASDAQ: WDC) today announced the appointment of Mark Long to oversee the company's finance organization as executive vice president, finance, in addition to his role as chief strategy officer. Long will succeed Olivier Leonetti as chief financial officer on Sept. 1, 2016. Leonetti is leaving the company to pursue other opportunities but will continue as CFO through Sept. 1, 2016, reporting to CEO Steve Milligan, and will oversee the completion of the company's fiscal year-end reporting requirements. He will continue in an advisory role to the CEO through Oct. 1, 2016.

"The company is going through a strategic and organizational transformation with the integration of our HGST and WD subsidiaries as well as integrating the recently completed acquisition of SanDisk," said Milligan. "Although in the early stages, we are already seeing the benefits of these strategic steps. As we build on our strategy-driven focus in a tightly integrated manner, it is the right time to combine the strategy and finance organizations and Mark Long is the right leader of this integrated team, with his extensive experience in financial and strategic planning. Olivier Leonetti has made a tremendous contribution to Western Digital in nearly two years as CFO. He played a key role through the successful planning, financing and completion of the SanDisk acquisition. The company is grateful for his contribution and his continued stewardship of our finances through the fiscal year-end reporting process."

Western Digital Corporation, a global storage technology and solutions leader, today introduced a new suite of 256 gigabyte (GB) microSD cards, which includes the new 256GB SanDisk Extreme microSDXC UHS-I card - the fastest microSD card in its class. The new suite of cards also includes 256GB SanDisk Ultra microSDXC UHS-I card, Premium Edition, the first 256GB card optimized for mainstream consumers. The new additions deliver leading speed and capacity in a fingernail-sized card, giving smartphone, drone and action camera users the performance and capacity they need to capture professional-grade videos and photos without worrying about running out of space on their device.

"Our microSD cards are now at the center of many consumer devices, and we're excited to not only raise the bar with the launch of the world's fastest microSD card, but to also offer a family of 256GB microSD cards that give consumers the flexibility they need to capture life at its fullest," said Dinesh Bahal, vice president of SanDisk product marketing, Western Digital. "As a leading global storage provider with one of the most trusted flash brands, we take pride in transforming the way consumers capture, store and share their content."

Western Digital Corporation, a global storage technology and solutions leader, today introduced the WD Pro Series: My Passport Wireless Pro Wi-Fi mobile storage and My Cloud Pro Series network attached storage (NAS). Designed specifically for the creative community, the WD Pro Series enables seamless transfer of content between devices, with classic WD reliability and speed, regardless of whether users are on a remote shoot, in the studio or editing at home. The products use the My Cloud mobile app - the new version of the app will be launched with the My Passport Wireless Pro and My Cloud Pro Series and be compatible with the Adobe Creative Cloud. In addition, both the My Passport Wireless Pro and My Cloud Pro Series devices are also compatible with the Plex Media Server and My Cloud OS 3 software for easy editing, streaming and sharing of content.

"Portability, reliability, capacity, speed and interoperability are crucial for creative professionals, whose very livelihoods rely on the strength of the technology they use to store their life's work," said Sven Rathjen, vice president of marketing for content solutions at WD. "We created the WD Pro Series as a comprehensive, feature-rich storage solution designed to fit seamlessly into their workflow, regardless of where the work actually happens, so storage, transfer, back-up, editing and even streaming options are readily available."

Western Digital Corporation today announced that its wholly-owned subsidiary Western Digital Technologies, Inc. has completed the acquisition of SanDisk Corporation. The addition of SanDisk makes Western Digital Corporation a comprehensive storage solutions provider with global reach, and an extensive product and technology platform that includes deep expertise in both rotating magnetic storage and non-volatile memory (NVM).

The Company also indicated that the debt financing associated with this transaction has been consummated and that the previously obtained funds from this financing have been released from escrow to Western Digital Technologies, Inc. "Today is a significant day in the history of Western Digital," said Steve Milligan, chief executive officer of Western Digital. "We are delighted to welcome SanDisk into the Western Digital family. This transformational combination creates a media-agnostic leader in storage technology with a robust portfolio of products and solutions that will address a wide range of applications in almost all of the world's computing and mobile devices. We are excited to now begin focusing on the many opportunities before us, from leading innovation to bringing the best of what we can offer as a combined company to our customers. In addition, we will begin the work to fully realize the value of this combination through executing on our synergies, generating significant cash flow, as well as rapidly deleveraging our balance sheet, and creating significant long-term value for our shareholders."

SanDisk Corporation (NASDAQ: SNDK) today announced that the Ministry of Commerce of China ("MOFCOM") has approved the acquisition of SanDisk by Western Digital Technologies, Inc., a wholly-owned subsidiary of Western Digital Corporation (NASDAQ: WDC). All necessary regulatory approvals for the acquisition have now been received and the transaction is expected to close on Thursday, May 12, 2016. SanDisk stockholders previously voted to approve the transaction at a special meeting of stockholders held on March 15, 2016.

"We are pleased that the final regulatory approval has been received and we can now proceed with the planned combination with Western Digital," said Sanjay Mehrotra, president and chief executive officer, SanDisk. "We thank our stakeholders for their support of this transaction and look forward to contributing to the success of Western Digital as it transforms into the leading storage solutions company."

Western Digital Corp. today reported revenue of $2.8 billion and net income of $74 million, or $0.32 per share, for its third fiscal quarter ended Apr. 1, 2016. On a non-GAAP basis, net income was $283 million, or $1.21 per share. In the year-ago quarter, the company reported revenue of $3.5 billion and net income of $384 million, or $1.63 per share. Non-GAAP net income in the year-ago quarter was $441 million, or $1.87 per share.

The company generated $485 million in cash from operations during the third fiscal quarter, ending with total cash and cash equivalents of $5.9 billion. On Feb. 10, 2016, the company declared a cash dividend of $0.50 per share of its common stock, which was paid on Apr. 15, 2016.

Western Digital Corporation, a world leader in storage solutions, today announced the expansion of its award-winning color portfolio with a new line; WD Gold datacenter hard drives. WD Gold datacenter hard drives are designed for a broad range of applications - including small- to medium-scale enterprise servers and storage, and rack-mount datacenter servers and storage enclosures. WD Gold drives are currently available at select U.S. distributors, resellers and through the WD Store.

With purpose-driven designs for the datacenter, WD Gold datacenter hard drives are launching with a new, high-capacity configuration of up to 8TB that offers HelioSeal helium-technology for performance, ideal capacity per square foot, power efficiency and low power consumption for datacenter environments. WD Gold datacenter hard drives feature an optimized design with an 8TB option that helps reduce the TCO (Total Cost of Ownership) of servers and storage systems, benefiting IT administrators challenged with growing storage capacity needs on limited budgets. WD Gold hard drives will also include a premium dedicated support line for customers worldwide.

Western Digital Corporation, a world leader in storage solutions, today announced the expansion of its award-winning portfolio of performance storage solutions with 8 TB capacity drives for NAS, video surveillance and desktop external applications. Increasingly centralized, rich-content, which continues to grow in popularity among enterprises, small business and consumers alike, is driving demand for greater storage capacities.

Launching throughout the first half of 2016, My Cloud personal storage devices (My Cloud, My Cloud Mirror, My Cloud EX2 Ultra), My Book external hard drives (My Book, My Book for Mac, My Book Duo and My Book Pro), WD Red, WD Red Pro and WD Purple hard drives will all be designed with the new high-capacity configuration. Each storage solution offers purpose-driven engineering and HelioSeal helium-technology with the new 8 TB drives for maximum and efficient performance in the applications for which each model is designed.

Western Digital Corporation (NASDAQ: WDC) today announced that Institutional Shareholder Services (ISS), a leading independent proxy advisory firm, has issued a report recommending that Western Digital shareholders vote to approve the issuance of Western Digital stock (the NASDAQ Stock Issuance Proposal) in the proposed acquisition of SanDisk Corporation (NASDAQ: SNDK) and all other proposals described in Western Digital's proxy statement/prospectus relating to the company's special meeting of shareholders to be held on March 15, 2016.

"We are pleased that ISS has recommended voting in favor of this compelling combination," said Steve Milligan, chief executive officer of Western Digital. "The Western Digital Board of Directors believes that the acquisition of SanDisk is the best strategic option for the company and the path that creates the most long-term value for shareholders. This combination is the next step in our ongoing strategy to transform Western Digital into a leading storage solutions company with global scale, extensive product and technology assets, and deep expertise in non-volatile memory."

Western Digital Corporation, a world leader in connected storage solutions, today updated its prosumer solutions with My Cloud EX2 Ultra, a high-performance, two-bay network attached storage (NAS) system. The My Cloud EX2 Ultra NAS is designed from the ground up for creative professionals and prosumers that need to automatically sync content across computers, easily share files and folders and enjoy multiple backup options so they can create their own personalized digital library with ease.

"We know our My Cloud users, especially creative professionals, need comprehensive solutions as digital storage needs continue to soar as well as the need for ongoing streaming capability," said Jim Welsh, executive vice president, WD Branded Products. "With the My Cloud EX2 Ultra, creative professionals are able to combine high performance with multi-tasking optimization and data protection to create a NAS system that simplifies their workflow and provides peace-of-mind."

Western Digital Corp. today announced that the board of directors declared a cash dividend for the quarter ending April 1, 2016, of $0.50 per share of common stock (the "cash dividend"). The cash dividend will be paid on April 15, 2016, to the company's stockholders of record as of April 1, 2016.

The amount of future dividends under the company's dividend policy, and the declaration and payment thereof, will be based upon all relevant factors, including the company's financial position, results of operations, cash flows, capital requirements and restrictions under the company's existing credit agreement, and shall be in compliance with applicable law. The board retains the power to modify, suspend or cancel the company's dividend policy in any manner and at any time as it may deem necessary or appropriate in the future.

Hard drive major Seagate has been hit with a class action lawsuit, accusing it of abnormally high failure rates for its 1.5 TB and 3 TB internal and external/portable hard drives. It also accuses the company of false claims over "reliability" and "dependability" in its marketing.

The lawsuit cites data aggregated by cloud solutions company Backblaze. According to this data, a 3 TB Seagate hard drive is three times as likely to fail, as a Western Digital (WD) 3 TB hard drive. It's also ten times as likely to fail as a Hitachi drive. The data appears to look at percentage failure rate, and not raw failed drive volumes, so market-share and volumes shipped by each company is not relevant. Seagate is yet to respond to the lawsuit.

Western Digital Corp. (NASDAQ: WDC) today reported revenue of $3.3 billion and net income of $251 million, or $1.07 per share, for its second fiscal quarter ended Jan. 1, 2016. On a non-GAAP basis, net income was $374 million, or $1.60 per share. In the year-ago quarter, the company reported revenue of $3.9 billion and net income of $438 million, or $1.84 per share. Non-GAAP net income in the year-ago quarter was $539 million, or $2.26 per share.

The company generated $598 million in cash from operations during the second fiscal quarter, ending with total cash and cash equivalents of $5.4 billion. On Nov. 3, 2015 the company declared a cash dividend of $0.50 per share of its common stock, which was paid on Jan. 15, 2016.

"We continue to execute well as we manage our business within an increasingly challenging global economic environment," said Steve Milligan, chief executive officer. "Despite a lower-than-expected hard drive total available market, we reported revenue and EPS within our guidance range, with non-GAAP gross margin of 28.5 percent. We also had strong free cash flow performance of $449 million. Our storage shipments for the December quarter grew to 69.1 exabytes."

Western Digital today announced that it has acquired more than 100 patent assets from IBM (NYSE: IBM). The parties also entered into a patent cross-license agreement. Terms of the transaction were not disclosed.

Patents acquired by Western Digital are in distributed storage, object storage, and emerging non-volatile memory. Western Digital expects the IP to further strengthen its technology leadership position and drive value creation for the company and its customers. The patents will augment Western Digital's existing portfolio of more than 10,000 patents and patent applications.

"This agreement reflects our continued focus on innovation and sets the stage for even more rapid advancement and commercialization of new data storage solutions," said Mike Cordano, president and chief operating officer, Western Digital. "We are building on Western Digital and IBM's long-standing relationship and look forward to future collaborations and business opportunities."

Western Digital Corp. today announced that the board of directors declared a cash dividend for the quarter ending Jan. 1, 2016, of $0.50 per share of common stock (the "cash dividend"). The cash dividend will be paid on Jan. 15, 2016, to the company's stockholders of record as of Jan. 1, 2016.

The amount of future dividends under the company's dividend policy, and the declaration and payment thereof, will be based upon all relevant factors, including the company's financial position, results of operations, cash flows, capital requirements and restrictions under the company's existing credit agreement, and shall be in compliance with applicable law. The board retains the power to modify, suspend or cancel the company's dividend policy in any manner and at any time as it may deem necessary or appropriate in the future.

Western Digital Corporation and SanDisk Corporation today announced that they have entered into a definitive agreement under which Western Digital will acquire all of the outstanding shares of SanDisk for a combination of cash and stock. The offer values SanDisk common stock at $86.50 per share or a total equity value of approximately $19 billion, using a five-day volume weighted average price ending on October 20, 2015 of $79.60 per share of Western Digital common stock. If the previously announced investment in Western Digital by Unisplendour Corporation Limited closes prior to this acquisition, Western Digital will pay $85.10 per share in cash and 0.0176 shares of Western Digital common stock per share of SanDisk common stock; and if the Unisplendour transaction has not closed or has been terminated, $67.50 in cash and 0.2387 shares of Western Digital common stock per share of SanDisk common stock. The transaction has been approved by the boards of directors of both companies.

The combination is the next step in the transformation of Western Digital into a storage solutions company with global scale, extensive product and technology assets, and deep expertise in non-volatile memory (NVM). With this transaction, Western Digital will double its addressable market and expand its participation in higher-growth segments. SanDisk brings a 27-year history of innovation and expertise in NVM, systems solutions and manufacturing. The combination also enables Western Digital to vertically integrate into NAND, securing long-term access to solid state technology at lower cost.

Western Digital Corporation and Unisplendour Corporation Limited (Unis) today jointly announced that they have entered into an agreement under which a subsidiary of Unis will make a USD $3.775 billion equity investment in Western Digital. Under the terms of the investment, Unis has agreed to purchase newly issued Western Digital common stock at a price of $92.50 per share.

Immediately following the closing of the investment, Unis will hold approximately 15% of Western Digital's issued and outstanding shares of common stock based on the number of issued and outstanding shares as of Sept. 25, 2015. Unis will have the right to nominate one representative to the Western Digital board of directors and will be subject to a five-year position standstill and voting restrictions. The board representative right terminates if Unis' ownership falls below 10%. In addition, Unis has agreed to a five-year lock-up on its shares, with a limited number of shares becoming available for transfer each year.

Proceeds from the investment will go toward strengthening Western Digital's balance sheet, providing financial flexibility and pursuing long-term strategic growth initiatives.

WD, a Western Digital company, today introduced the My Book Pro storage device, providing professionals and enthusiasts who must efficiently manage large amounts of digital content with up to 435 MB/s transfer rates on WD's fastest external storage solution yet.

With capacity options including 6 TB, 8 TB, 10 TB and 12 TB, the power of two 7200 RPM WD drives with Intel's Thunderbolt 2 technology and a hot-swappable hardware RAID controller, the My Book Pro device enables creative professionals and enthusiasts alike to focus on what they love doing by significantly cutting the time to transfer large videos, photos and audio files.