Welcome to our dedicated page for Western Digital news (Ticker: WDC), a resource for investors and traders seeking the latest updates and insights on Western Digital stock.
Western Digital Corporation (WDC) drives innovation in data storage solutions through its industry-leading HDD and SSD technologies. This news hub provides investors and technology professionals with essential updates on corporate developments, product advancements, and strategic initiatives shaping the storage industry.
Access curated press releases and analysis covering earnings announcements, partnership agreements, manufacturing innovations, and enterprise solution deployments. Our repository simplifies tracking of Western Digital's market positioning within competitive storage sectors including cloud infrastructure, consumer devices, and industrial applications.
Discover updates on capacity-optimized storage architectures, sustainability initiatives in manufacturing, and advancements in 3D NAND technology. Content spans operational milestones across Western Digital's global supply chain and product integration with major cloud service providers.
Bookmark this page for streamlined access to verified information about Western Digital's role in enabling next-generation computing environments. Check regularly for updates critical to understanding storage market dynamics and corporate performance indicators.
Western Digital (WDC) has successfully launched a groundbreaking rare earth element (REE) recovery program in collaboration with Microsoft, Critical Materials Recycling, and PedalPoint Recycling. The pilot program transformed ~50,000 pounds of end-of-life hard disk drives (HDDs) and related materials into valuable resources using eco-friendly processes.
The initiative achieved an impressive ~90% high-yield recovery of elemental and rare earth materials, including Neodymium, Praseodymium, and Dysprosium, while recapturing ~80% of feedstock mass. The program utilizes acid-free dissolution recycling technology, resulting in an estimated 95% reduction in greenhouse gas emissions compared to traditional mining.
This domestic recycling effort addresses critical supply chain challenges, considering that currently >85% of REE production occurs outside the U.S., with domestic recycling rates at <10%. The program demonstrates a sustainable approach to recovering valuable materials while strengthening the U.S. supply chain and supporting industries like electric vehicles, wind turbines, and advanced electronics.
Western Digital (Nasdaq: WDC) has scheduled to release its third quarter fiscal year 2025 financial results on April 30, 2025, before the market opens. The company will hold a conference call with investors to discuss the quarterly results on the same day at 5:30 a.m. Pacific / 8:30 a.m. Eastern. Investors can access both the live audio webcast and a replay of the conference call through the company's investor relations website at investor.wdc.com.
Western Digital (WDC) has appointed Ahmed Shihab as its new Chief Product Officer, bringing nearly 30 years of experience in storage and infrastructure design. Shihab joins WDC from his previous role as Corporate Vice President of Azure Storage at Microsoft, where he led engineering and operations teams for Object and Block storage.
In his new position, Shihab will lead product strategy and engineering, focusing on HDD products and solutions development. His extensive background includes serving as Vice President of Infrastructure Hardware at AWS, Vice President and Chief Architect at NetApp's File Systems Group, and over eight years at Xyratex.
CEO Irving Tan emphasized that Shihab's appointment comes at a important time for the HDD industry, citing increasing data generation, AI adoption, and growing demand for scalable storage solutions. The company aims to enhance its innovative storage solutions for hyperscalers, cloud service providers, and OEMs under Shihab's leadership.
Western Digital (WDC) has announced plans to redeem $1.8 billion of its 4.750% Senior Notes due 2026. The redemption is scheduled for April 14, 2025, with the redemption price set at 100% of the principal amount plus any applicable premium and accrued unpaid interest up to the redemption date.
The company specified that the applicable premium on the Notes to be redeemed will be zero as of the Redemption Date. After the redemption is completed, $500 million aggregate principal amount of the Notes will remain outstanding. Interest on the redeemed Notes will cease to accrue after the Redemption Date.
Western Digital (WDC) has been named one of the 2025 World's Most Ethical Companies® by Ethisphere for the seventh time, marking its continued commitment to ethical business practices. The company stands as one of only 5 honorees in the Technology industry among 136 total honorees across 19 countries and 44 industries.
The recognition is based on Ethisphere's Ethics Quotient® assessment, which evaluates companies through 240+ proof points covering ethics, compliance, governance, environmental and social impact, and value chain initiatives. Notably, the 2025 World's Most Ethical Companies® Honorees demonstrated superior performance, outperforming a comparable index of global companies by 7.8 percentage points from January 2020 to January 2025.
Western Digital (Nasdaq: WDC) has successfully completed the separation of its Flash business from its core operations. The company recently held an Investor Day event to present its vision and strategy for leveraging data value. The restructured Western Digital announced its new leadership team, headed by CEO Irving Tan and including key executives across finance, sales, operations, HR, legal, and technology functions. The company's CFO position will transition from Wissam Jabre to Don Bennett as interim CFO effective February 28, 2025. The board of directors has been reorganized with Martin Cole as the newly appointed Board Chair, replacing Matthew Massengill, and includes new directors Bruce Kiddoo and Roxanne Oulman.
Kioxia and Sandisk have unveiled their next-generation 3D flash memory technology, achieving a groundbreaking 4.8Gb/s NAND interface speed. The innovation, presented at ISSCC 2025, incorporates Toggle DDR6.0 interface standards and leverages CBA (CMOS directly Bonded to Array) technology.
The new technology delivers a 33% improvement in NAND interface speed compared to their 8th generation products, while reducing power consumption by 10% for input and 34% for output. The 10th generation 3D flash memory features 332 memory layers and achieves a 59% improvement in bit density.
The companies are also developing their 9th generation 3D flash memory, focusing on delivering capital-efficient, high-performance, low-power products to meet growing AI and data center demands.
Western Digital (WDC) hosted its Investor Day, outlining its strategy ahead of the planned Flash business separation on February 21, 2025. CEO Designate Irving Tan highlighted the company's position in HDD technology and partnerships with major hyperscalers.
The company projects HDD exabyte shipments to grow at a 23% CAGR from 2024 to 2028, driven by AI applications and increasing data storage demands. Global data generation is expected to triple between 2023 and 2028.
WDC announced that its HAMR (Heat-Assisted Magnetic Recording) technology development is progressing, with testing currently underway with two major hyperscale customers. The company's portfolio includes ePMR CMR HDDs and UltraSMR technology, aiming to provide scalable storage solutions with optimal total cost of ownership.
Western Digital (WDC) has announced plans to host an Investor Day on Wednesday, February 12, 2025, from 9:30 a.m. to 1:30 p.m. ET in New York City. The event comes ahead of the company's planned separation of its Flash business and will focus on its future as a standalone HDD, storage platform and technology innovator.
During the event, CEO Designate Irving Tan and other senior executives will present the company's vision and strategy, detailing how Western Digital plans to drive innovation and growth in its HDD business segment. Interested parties can find additional information about the event at the company's investor relations website.
Sandisk has announced its inaugural Investor Day, scheduled for Tuesday, February 11, 2025, from 9:00 a.m. to 1:00 p.m. ET. The event marks a significant milestone as the company prepares to launch as a standalone Flash and memory technology innovator.
The event will feature presentations from the company's leadership team, including incoming CEO David Goeckeler and CFO Luis Visoso. They will discuss Sandisk's market opportunities, strategic innovation initiatives, and latest technology developments.
Investors and interested parties can access the live webcast and accompanying slide presentation through the Sandisk investor relations website at investor.sandisk.com. An archived replay will be available on the same platform following the event.
