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Western Digital Corporation - WDC STOCK NEWS

Welcome to our dedicated page for Western Digital Corporation news (Ticker: WDC), a resource for investors and traders seeking the latest updates and insights on Western Digital Corporation stock.

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.

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Western Digital (NASDAQ: WDC) is set to announce its Q4 and fiscal year 2024 financial results on July 31, 2024, following the market close. An investment community conference call will be held on the same day at 1:30 p.m. Pacific / 4:30 p.m. Eastern to discuss the results. Both a live audio webcast and a replay of the conference call will be accessible on their investor relations website.

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Western Digital (NASDAQ: WDC) has introduced a six-stage AI Data Cycle framework to optimize storage for AI workloads. The initiative aims to help businesses maximize AI investments, enhance efficiency, and reduce total cost of ownership (TCO).

Western Digital has aligned its Flash and HDD product roadmaps to meet the storage needs of each AI Data Cycle stage. Key product launches include a high-performance PCIe Gen5 SSD for AI training and inference, a 64TB SSD for AI data lakes, and a 32TB HDD for cost-effective storage at scale.

The Ultrastar DC SN861 SSD offers up to 3x random read performance and improved energy efficiency. The new Ultrastar DC SN655 SSD range aims for higher capacity and performance for AI data preparation. Also, the Ultrastar DC HC690 32TB HDD is designed for massive data storage in hyperscale cloud and enterprise data centers.

Western Digital's AI Data Cycle framework and new products aim to support AI's growing demands across various industries.

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Western Digital Corp. (NASDAQ: WDC) will host a webcast titled 'New Era of NAND' on Monday, June 10, 2024, at 1:00 p.m. Pacific / 4:00 p.m. Eastern. This event will be led by Robert Soderbery, Executive Vice President and General Manager of the Flash business, along with other senior executives. The webcast will detail new dynamics in the NAND market and highlight Western Digital's innovation in NAND technology. A Q&A session will follow, offering attendees a chance to engage directly with the management team. The live event and replay will be accessible on Western Digital's Investor Relations website.

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Western Digital Corp. (NASDAQ: WDC) will be participating in several upcoming investor conferences, including the J.P. Morgan Global Technology, Goldman Sachs Global Semiconductor, TD Cowen Technology, and Bank of America Global Technology Conferences. Management presentations will be live webcasts accessible through Western Digital's Investor Relations website, with archived replays available shortly after each event.

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Western Digital reported fiscal third quarter 2024 financial results with revenue of $3.46 billion, up 14% sequentially. Cloud revenue increased by 45%, Client revenue by 5%, and Consumer revenue decreased by 13%. GAAP EPS was $0.34, Non-GAAP EPS was $0.63. The company expects fiscal fourth quarter revenue between $3.60 billion to $3.80 billion.
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Western Digital Corp. (WDC) will announce its Q3 fiscal year 2024 financial results on April 25, 2024. An investor conference call will follow at 1:30 p.m. Pacific / 4:30 p.m. Eastern.
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Western Digital Corp. (WDC) provides an update on its plan to separate into two independent, publicly traded companies by the second half of 2024. The company is making significant progress in various transactional activities, including legal entity establishment, customer and supplier contract transfers, and executive leadership appointments for the Flash and HDD companies post-separation.
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Western Digital Corporation (WDC) receives the 2024 World’s Most Ethical Companies® recognition by Ethisphere for the sixth time. The company is among five honorees in the technology industry, showcasing a commitment to ethical business practices and governance. The recognition spans 20 countries and 44 industries, emphasizing the company's dedication to embedding ethics into its organizational fabric.
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Western Digital Corp. (WDC) is participating in the Morgan Stanley Technology, Media & Telecom Conference on March 5, 2024. The live webcast can be accessed through the Investor Relations website, with an archived replay available post-event.
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Kioxia Corporation and Western Digital Corporation have received a 150 billion yen subsidy from the Japanese government for their joint venture manufacturing facilities at Yokkaichi and Kitakami plants to produce the latest generation of 3D flash memory and future generation advanced nodes. This is the second time the facilities have received this subsidy, with the previous one being up to 92.9 billion yen in 2022. The companies plan to continue enhancing the development and production capabilities of cutting-edge flash memory in Japan and contribute to the development of semiconductor-related industries and talent.
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FAQ

What does Western Digital Corporation specialize in?

Western Digital Corporation specializes in manufacturing high-performance hard disk drives (HDDs) and solid-state drives (SSDs) for various applications.

When was Western Digital Corporation established?

Western Digital Corporation was established in 1970.

Where is Western Digital Corporation headquartered?

Western Digital Corporation is headquartered in Irvine, California.

Who are the main competitors of Western Digital in the HDD market?

Western Digital's main competitor in the HDD market is Seagate.

What is Western Digital's role in the SSD market?

Western Digital is the largest global producer of NAND flash chips for SSDs, in collaboration with Kioxia.

What types of products does Western Digital offer?

Western Digital offers a range of products including HDDs, SSDs, networking products, media players, and software solutions.

How does Western Digital's product portfolio benefit users?

Western Digital's products enable users to save, store, protect, share, and experience their digital content seamlessly across multiple devices.

What makes Western Digital a leader in storage technology?

Western Digital is a leader due to its innovative solutions, reliable high-performance products, and strategic partnerships in the storage industry.

Where can I find more information about Western Digital Corporation?

More information about Western Digital Corporation can be found on their official website at www.wd.com.

Western Digital Corporation

Nasdaq:WDC

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WDC Stock Data

23.78B
326.53M
0.34%
95.09%
7.83%
Computer Storage Device Manufacturing
Manufacturing
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United States of America
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