Hard-disk drive maker Western Digital is buying SanDisk Corp, the flash memory chips manufacturer co-founded by India-born Sanjay Mehrotra in 1988. The deal, valued at $19 billion (around Rs. 1.20 lakh crore), is one of the biggest in the global semiconductor industry.
Mr Mehrotra is likely to join the Western Digital board post the acquisition.
58-year-old Mr Mehrotra is currently the president and chief executive officer of the California-based company. He has been on the SanDisk’s Board of Directors since 2010.
In 2014, Mr Mehrotra was among the highest-paid Indian-American CEOs with an annual pay package of over $11 million (around Rs. 70 crore), according to Salary.com.
Under Mr Mehrotra’s guidance, SanDisk expanded its focus to include solid state drive (SSD) solutions for the enterprise, as well as new growth strategies for the mobile and client computing segments, established and emerging retail markets, and investments into NAND scaling and post-NAND technologies.
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