Western Digital Corporation
Western Digital Corporation Completes Separation from Sandisk Corporation
Summary
On February 21, 2025, Western Digital Corporation (WDC) completed its previously announced separation of its flash business unit into a standalone company, Sandisk Corporation. The separation involved a pro rata distribution of Sandisk shares to WDC stockholders, effective as of February 21, 2025. The filing includes unaudited pro forma condensed consolidated financial statements of WDC as if the separation had occurred on July 3, 2021. The separation will result in Sandisk being an independent public company trading under the symbol 'SNDK' on the Nasdaq Stock Market. WDC will no longer consolidate Sandisk within its financial results.
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About Western Digital Corporation
Western Digital Corporation is a global leader in data storage solutions, specializing in designing, manufacturing, and marketing high-performance hard drives and solid-state drives for a variety of applications. As one of the key players in the data storage industry, Western Digital's primary function is to provide reliable and innovative storage products that serve consumer, business, and enterprise needs. Its product portfolio encompasses solutions for desktop and notebook computers, data centers, and the embedded and removable storage market through brands like WD and SanDisk. Western Digital plays a crucial role in sectors such as cloud computing, data infrastructure, and mobile device manufacturing, catering to the ever-growing demand for efficient data storage and management technologies. The company's commitment to research and development has positioned it at the forefront of technological advancements, helping to drive the innovations required to manage the digital information explosion effectively. Founded in 1970 and headquartered in San Jose, California, Western Digital continues to influence industry standards, making significant contributions to the infrastructure that powers today's digital world.
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