Due to the Mid-autumn Festival and National Day holiday, Chinaflashmarket will postpone market quotation from Sep. 29th to Oct. 6th , and all product quotations will resume on Oct. 9th.
The majority of this inventory consists of the older Double Data Rate (DDR) 4, making it challenging for both companies to quickly reduce their stockpiles.
Kioxia’s lenders plan to submit a commitment letter in October for the refinancing of ￥2 trillion ($14 billion) in loans to help fund the merger with Western Digital’s flash memory business that’s still under discussion, according to people familiar with the matter.
