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Western Digital Corporation (WDC) is a renowned innovator in the storage technology industry, established in 1970 and headquartered in Irvine, California. The company specializes in manufacturing reliable and high-performance hard disk drives (HDDs) and solid-state drives (SSDs), catering to a broad range of applications. These include desktop and mobile computers, enterprise computing systems, embedded systems, and consumer electronics.
As a leading vertically integrated supplier of data storage solutions, Western Digital operates in a practical duopoly with Seagate in the HDD market. Additionally, it holds the position of the largest global producer of NAND flash chips for SSDs, achieved through a joint venture with Kioxia. This extensive product portfolio empowers users worldwide to seamlessly save, store, protect, share, and experience their digital content across multiple devices.
The company's innovative spirit is reflected in its recent projects and achievements. Western Digital continues to push the boundaries of storage technology, delivering advanced solutions designed to meet the evolving needs of both consumers and enterprises. The company’s products are widely recognized for their performance, reliability, and cutting-edge technology.
Western Digital's robust financial condition and strategic partnerships further cement its position as a leader in the storage industry. The company's networking products, media players, and software solutions complement its hardware offerings, providing a comprehensive ecosystem for data management and storage.
For the latest updates and detailed information about Western Digital Corporation, please visit their official website at www.wd.com.
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.
Western Digital (WDC) reported fiscal Q2 2025 results with revenue of $4.29 billion, up 5% sequentially and 41% year-over-year. The company's Cloud segment showed strong performance with revenue of $2.3 billion (55% of total), increasing 6% QoQ and 119% YoY.
GAAP EPS was $1.63 and Non-GAAP EPS was $1.77. Gross margin was 35.4% (GAAP) and 35.9% (Non-GAAP). The company generated operating cash inflow of $403 million and ended with $2.29 billion in cash.
For Q3 2025, WDC expects revenue between $3.75-$3.95 billion and Non-GAAP EPS of $0.90-$1.20. The company is proceeding with the separation of Western Digital and Sandisk businesses to capture growing storage demand driven by AI.
Western Digital (WDC) has scheduled the announcement of its second quarter fiscal year 2025 financial results for Wednesday, January 29, 2025, after market close. The company will host an investment community conference call to discuss the results at 1:30 p.m. Pacific / 4:30 p.m. Eastern on the same day. Investors and interested parties can access a live audio webcast and replay of the conference call through the company's investor relations website at investor.wdc.com.
Sandisk has previewed its new corporate branding and creative direction, which it describes as a 'Mindset of Motion.' This new branding reflects a philosophy focused on resilient data expression, aimed at facilitating aspirations and possibilities. Sandisk plans to re-launch as a standalone Flash and memory technology innovator in early 2025. The new wordmark highlights mobility and versatility, symbolizing a seamless world of data expression and storage.
Joel Davis, Sandisk's Vice President of Creative, stated that the new visual brand philosophy is inspired by the future and diverse ways customers consume data. The new logo, featuring clean lines and minimalist design, represents the speed and efficiency of Flash technology. The design includes an open D and a pixel-driven S, symbolizing collaboration and partnership. For more details, visit Sandisk.com.
Western Digital (NASDAQ: WDC) has announced its participation in four major investor conferences in December 2024. The company will present at the UBS Global Technology and AI Conference (Dec 3), Wells Fargo TMT Summit (Dec 4), Nasdaq 51st Investor Conference (Dec 10), and Barclays Global Technology Conference (Dec 12). All management presentations will be accessible through live webcasts on Western Digital's Investor Relations website, with archived replays available after each event.
Western Digital CEO David Goeckeler has been elected Chair of the Semiconductor Industry Association (SIA) Board of Directors for 2025. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Goeckeler, who leads Western Digital as a prominent data storage producer, brings extensive experience from semiconductors, global networking, and enterprise software sectors. Previously, he served as Executive VP at Cisco's Networking and Security Business and began his career at Bell Laboratories. He was also recently appointed Chairman of the U.S.-Japan Business Council.
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