TOKYO (Reuters) - Kioxia Holdings has reached out to state-backed Japan Industrial Partners (JIC) to invest in a planned merger of its flash memory business with that of Western Digital (NASDAQ:WDC), Bloomberg News reported on Friday, citing people familiar with the matter.
Japan's top banks are set to commit to 1.9 trillion yen ($12.67 billion) in financing to support the merger, Reuters reported on Thursday.
($1 = 149.9400 yen)