According to reports, Western Digital has finally completed its acquisition of SanDisk after receiving final approval from Chinese regulatory authorities. Thanks to the purchase of the third-largest manufacturer of flash memory in the world, Western Digital will become one of the biggest storage solution providers in the world. The company also has an official app for Windows users, so go ahead and check it out or look at some other cloud storage solutions currently available for Windows 10 users.
Steve Milligan, CEO of Western Digital, confirmed that thanks to this purchase, the company will be a leader in storage technology in the market and that it will be able to create a wider range of products. Milligan added that the company will start focusing on the many opportunities in order to bring the best that it can offer.
It is good to know that Steve Milligan will continue to be the CEO of Western Digital and that the company will remain headquartered in Irvine, California. On the other hand, Sanjay Mehrotra, the co-founder of SanDisk, will be a member of Western Digital’s Board of Directors.
Reports say that Western Digital will now control over 40% of the HDD market and 10% of the SSD market while still retaining a hearty segment of NAND flash supply.
However, Western Digital will now face new challenges as it will need to figure out how to keep both its product line and workforce while duking it out with many popular competitors such as Samsung, Seagate, Toshiba and more.
We remind you that in its third quarter results, Western Digital reported a net income of over $74 million on revenue of $2.8 billion, which is less than the net income of $384 million dollars of $3.5 billion that it had one year ago. This means that the sales are not going as everyone had hoped and that the company will need to recover lost ground somehow.
What are your thoughts about the acquisition that Western Digital just made?
RELATED STORIES TO CHECK OUT: