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SanDisk reportedly looking to sell up

Storage chip specialist SanDisk is reportedly looking for buyers.

If you have a collection of microSD and SD cards sat in your drawer, as we do, then there’s a fair chance a good proportion of them are made by SanDisk.

The American company was founded in 1988, and since then it has grown to become the third biggest manufacturer of flash memory in the world.

Now, according to a new Bloomberg report, the company has hired a bank to explore the possibility of a sale. What’s more, there has been interest from two of SanDisk’s biggest storage rivals.

Both Micron Technology and Western Digital are said to have expressed an interest, and are currently in talks with SanDisk over a possible acquisition.

The report claims that any deal would probably require the approval of Toshiba, since the two companies operate flash memory plants together in Japan.

Read More: Best laptops 2015

This year has been the biggest ever for mergers and acquisitions in the semiconductor industry. This is attributed to rising costs and a shrinking customer base, which is prompting companies to combine forces in order to achieve greater scale.

With Samsung dwarfing it and dominating the memory chip market, it seems SanDisk is having similar ideas.

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