Friday, June 22, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Turns to the U.S. Patent Office to Invalidate Qualcomm Patents
Samsung Patents Bezel-less, Notch-free Smartphone Design
China is Home to Most Smartphone Vendors
VidCon 2018: Youtube Announces Memberships, Merchandise as Alternatives to Ads
Chatting With Google Assistant Gets More Natural
Intel CEO Brian Krzanich Resigns After Found to Have Relationship With Employee
Xbox Won't Support VR
AT&T to Launch Wireless Plans Bundled With Video
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

Friday, June 23, 2017
Toshiba Open to Further Talks With Western Digital About Chip Unit Sale


Toshiba Corp CEO Satoshi Tsunakawa said that his company is open to talks with Western Digital in their dispute over the sale of the Japanese conglomerate's chip unit.



Speaking at the company headquarters during a news conference after asking regulators for extension on financial filing and deal on chip unit sale, Mr. Tsunakawa said that WD "used to be a good partner, so we want to continue talks. I'm disappointed with the current dispute." He addd it was important that they joined forces to better compete against bigger rival Samsung Electronics. But Toshiba;s CEO added that his company would not be the first to propose WD join the consortium and it was still considering whether to block Western Digital employees not based at the plant from accessing joint venture data servers.

Western Digital, which jointly runs Toshiba's main semiconductor plant, has sought a U.S. court injunction to prevent any deal for Toshiba's chip unit that does not have its consent.

Toshiba softened its stance against Western Digital on a day of further indignities as the crisis-wracked conglomerate saw itself demoted to the second section of the Tokyo Stock Exchange and estimated bigger losses for the past financial year.

Earlier this week, Toshiba chose a consortium of Bain Capital, Sk Hynix and Japanese government investors as preferred bidder for its memory chip unit, the world's No. 2 producer of NAND flash chips. It wants to close a deal, worth some $18 billion, by June 28, the day of its shareholders meeting.

But according to unconfirmed reports from Japan, the Bain consortium members had made resolving the dispute with Western Digital a condition of their investment.

The participation of South Korea's SK Hynix Inc. in the Bain consortium has raised concerns that the winning bid may find it difficult to clear anti-trust reviews. Its presence has made Western Digital reluctant to join the group in its current form due to worries that high-level technology for NAND chips could be leaked to its rival.

But Mr. Tsunakawa said SK Hynix would not be holding any equity and would not be involved in management.



Previous
Next
G.SKILL Announces New DDR4 for the Intel X299 HEDT Platform        All News        Foxconn Confirms US Investment Plan
Handsets Expected to be Largest Market for ICs     General Computing News      Foxconn Confirms US Investment Plan

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba Delivers RM5 vSAS Series SSDs Targeting SATA Applications
Value-Optimized Toshiba RC100 NVMe SSDs Now Available
Sharp to buy Toshiba's PC Business
Sharp close to Buying Toshiba's PC Business
Bain Capital to Support Toshiba Memory's Future Acquisitions
Toshiba Completes $18bn Sale of Flash Memory Unit
Toshiba Introduces New XS700 Series of Portable SSDs
Toshiba's Twin-Field Quantum Key Distribution Extends the Limit of Intercity Secure Communications
Toshiba Confirms Approval of $18 billion Chip Unit Sale by China
China Finally Approves Toshiba's Plan to Sell Its Memory Chip Unit: report
Toshiba Weighs Memory Chip Unit Options
Toshiba Releases New Surveillance, Video Streaming Laptop and Desktop Hard Drives

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .