Wednesday, October 18, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Intel Advances Artificial Intelligence With Nervana Neural Network Processor
Razer Launches Quad-core Blade Stealth Laptop and Core V2 External Graphics Enclosure
Google Designed New Pixel Visual Core Chip Internally
The ZTE Axon M is the First Foldable Smartphone
New Microsoft Surface Book 2 Packs Real Power, Windows 10 Creators Update Release
NXP S32 Automotive Processing Platform Brings Future Vehicles to Market Faster
Google's Advanced Protection Program Adds Security Layers to Gmail
Qualcomm Debuts Snapdragon 636 Mobile Platform, X50 5G Modem For Mobiles
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, June 01, 2017
Toshiba, Western Digital Still in Spat Over Chip Unit Auction


Western Digital said on Thursday it is still seeking arbitration in a dispute with Toshiba over the auction of its memory chip unit, arguing that a transfer of assets by the Japanese firm had not resolved what it calls a serious breach of contract.

Toshiba values its memory unit at $18 billion and is depending on the auction to cover billions of dollars in cost overruns at its now bankrupt U.S. nuclear unit Westinghouse.

Western Digital, which jointly operates Toshiba's main chip plant located in Yokkaichi, western Japan, has argued that the unit cannot be sold without its consent and has demanded exclusive negotiating rights.

Toshiba said joint venture interests had been moved back to the parent company from the chip unit, adding that the move addressed Western Digital's concerns and put the dispute to rest. However, the assets transferred back account for less than 5 percent of Toshiba's memory chip business. Western Digital countered that nothing had been resolved.

Western Digital is also sadi to be considering a new investment to build another flash memory chip plant in Japan.

WD CEO may also meet with Japanese government officials to discuss a plan to join a government-led consortium of state investors and U.S. private equity firm KKR & Co (KKR.N).

Other suitors for the chip business include Broadcom Ltd., which has teamed up with private equity firm Silver Lake, and Bain Capital which has partnered with SK Hynix.

Hon Hai Precision Industry Co Ltd also formed a consortium with its Japanese unit Sharp to bid in the second round.



Previous
Next
Panasonic DMP-UB30 Ultra HD Blu-ray Player Debuts in Japan        All News        Logitech Finally Lets Your Cursor Flow Across Multiple Computers
Microsoft Redesigns Skype to Compete With Snapchat     General Computing News      Intel Sees a More Immersive, Cordless Virtual Reality Future

Get RSS feed Easy Print E-Mail this Message

Related News
New Toshiba TR200 3D NAND SSDs Offer an Affordable Alternative to Hard Disks
Toshiba to Further Invest in Production Equipment for Fab 6 at Yokkaichi Operations
Western Digital Provides Its Aspect on Latest Developments Related to the Sandisk JV with Toshiba
Toshiba Signs Deal to Sell Chip Unit to Bain-led Group
SK Hynix to Invest 395 billion yen in Toshiba chip unit
Western Digital Tries to Block Toshiba's $18 Billion Memory Chip Unit Sale
Toshiba MG06 Series Includes 10TB Enterprise Capacity SATA HDD
Toshiba Formalizes Chips Sale to Bain Consortium, WD Steps up Legal Action
Toshiba Has Chosen Japan-U.S.-South Korea Group For its Chip Unit
Apple Could be Behind Toshiba's MoU With Bain Capital's Consortium
Toshiba Signs Memorandum to Accelerate Memory Chip Sale Talks With Bain-Sk Hynix Group
Toshiba in Ongoing Discussions for Chip Business Sale

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .