Articles from Western Digital Corporation

Western Digital Corporation (Nasdaq: WDC) today announced that it will hold an Investor Day ahead of the planned separation of its Flash business to share its vision and strategy as a standalone HDD, storage platform and technology innovator.

Western Digital Corporation (NASDAQWDC) has received the 2024 World’s Most Ethical Companies® recognition by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.

Kioxia Corporation and Western Digital Corporation (NASDAQWDC) announced today that their joint venture manufacturing facilities at Yokkaichi and Kitakami plants have been approved to receive an up to 150 billion yen subsidy, including facilities that will produce its latest generation of 3D flash memory based on the innovative wafer bonding technology and future generation advanced nodes. The subsidy will be granted under a designated government program aimed at facilitating corporate investment in cutting-edge semiconductor production facilities and securing stable production of semiconductors in Japan. This marks the second time that Kioxia’s and Western Digital’s joint venture manufacturing facilities are receiving this subsidy from the Japanese government. Previously, the joint venture manufacturing facility at Yokkaichi was approved to receive up to 92.9 billion yen subsidy from the Japanese government in 2022.

Western Digital Corporation (Nasdaq: WDC) (“Western Digital”) today announced that it has priced its offering of $1.4 billion aggregate principal amount of convertible senior notes due 2028 (the “notes”), reflecting an increase of $100 million over the previously announced offering size. Western Digital granted the initial purchasers an option to purchase, during the 13-day period beginning on, and including, the first date on which the notes are issued, up to an additional $200 million principal amount of notes. The sale of the notes is expected to be completed on November 3, 2023, subject to customary closing conditions.

Western Digital Corporation (Nasdaq: WDC) (“Western Digital”) today announced a proposed offering of $1.3 billion aggregate principal amount of convertible senior notes due 2028 (the “notes”), subject to market and other conditions.

Western Digital Corp. (NASDAQWDC) plans to announce its first quarter fiscal year 2024 financial results before the market opens on Monday, October 30, 2023. The investment community conference call to discuss these results will be held that day at 5:30 a.m. Pacific / 8:30 a.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com.

Western Digital Corporation (NASDAQWDC) has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2023 World’s Most Ethical Companies.

Western Digital Corp. (NASDAQWDC) today announced management participation in the upcoming investor conference:

Western Digital Corporation (“Western Digital”) (Nasdaq: WDC) today announced that funds managed by affiliates of Apollo Global Management, Inc. (“Apollo”) led the purchase of $900 million of convertible preferred stock of Western Digital, along with Elliott Investment Management L.P. (together with its affiliates, “Elliott”) who also invested in the convertible offering. The investment strengthens Western Digital’s financial position and flexibility as the company continues its review of strategic alternatives aimed at further optimizing long-term value for its shareholders.

Western Digital Corp. (NASDAQWDC) plans to announce its fourth quarter and fiscal year 2022 financial results before the market opens on Friday, August 5, 2022. The investment community conference call to discuss these results will be held that day at 5:30 a.m. Pacific / 8:30 a.m. Eastern. The live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com.

Western Digital Corporation, (“Western Digital”) (Nasdaq: WDC) today announced that it is reviewing potential strategic alternatives aimed at further optimizing long-term value for its shareholders. The Executive Committee of the Western Digital Board, chaired by Western Digital CEO, David Goeckeler, will oversee the assessment process and fully evaluate a comprehensive range of alternatives, including options for separating its market-leading Flash and HDD franchises. Following constructive dialogue with many of Western Digital’s shareholders, including one of the company’s largest investors, Elliott Investment Management L.P. (together with its affiliates, “Elliott”), this review builds on Western Digital’s ongoing efforts to drive innovation-led growth and create shareholder value.

Western Digital Corporation (NASDAQWDC) (“Western Digital” or the “Company”) today announced the closing of its underwritten public offering of (i) $500,000,000 aggregate principal amount of 2.850% senior unsecured notes due 2029 and (ii) $500,000,000 aggregate principal amount of 3.100% senior unsecured notes due 2032. The net proceeds of the offering were approximately $988 million, after deducting underwriting discounts and commissions and other estimated offering expenses. Western Digital intends to use the net proceeds of the offering, together with available cash on hand, to refinance existing indebtedness and to pay fees and expenses in connection with the offering.

Western Digital Corp. (NASDAQWDC) plans to announce its fourth quarter and fiscal year 2021 financial results after the market closes on Wednesday, August 4, 2021. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. The live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com.

Western Digital Corp. (NASDAQWDC) today announced its second-generation UFS 3.1 storage solution for 5G smartphones. The new Western Digital iNAND® MC EU551 delivers the high-performance storage consumers need to be able to use their phones for emerging applications like ultra-high-resolution cameras, AR/VR, gaming and 8K video.

At its Flash Perspective event today, Western Digital (NASDAQWDC) unveiled the new SanDisk Professional™ brand of premium storage solutions for content creators and professionals. From producing the latest blockbuster film to capturing the moment at a destination wedding to managing business-critical content, the powerful SanDisk Professional portfolio is designed to deliver scalable, high-performance, reliable solutions across industries globally.

Western Digital Corp. (NASDAQWDC) announced today it has received the 2020 Pro Patria Award from the Employer Support of the Guard and Reserve (ESGR), a Department of Defense program. The highest-level honor bestowed by the California ESGR state committee, the award recognizes employers that demonstrate steadfast and exemplary support to National Guard and Reserve employees.

Western Digital Corp. (NASDAQWDC) plans to announce its third quarter fiscal 2021 financial results after the market closes on Thursday, April 29, 2021. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. The live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com.