FILE PHOTO: The logo of Western Digital Corporation is displayed at the company's headquarters in Tokyo, Japan, May 27, 2019. REUTERS/Yoshiyasu Shida/File Photo
(Reuters) - Data storage products maker Western Digital Corp forecast third-quarter revenue below Wall Street estimates on Wednesday, as it expects decreased demand from cloud and corporate customers.
High borrowing costs and economic uncertainty have forced businesses to reduce investments, significantly impacting demand for memory chips after a pandemic-driven boom, hurting companies such as Western Digital.
