Tuesday, October 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple, Samsung Heading to Court Again
Apple Praises TSMC's Investments, Says iPhones Will be AI an Platform
ARM Boosts IoT Security With Platform Security Architecture
Kaspersky Lab Seeks To Restore Reliability By Opening Software to Review
Pay with Google Speeds Up Checkout
Tesla Said to Set up China Plant
ASUS VivoBook E203 Windows 10 S Laptop Now Available for $229
Sony Releases 7.42 Effective Megapixel Stacked CMOS Image Sensor for Automotive Cameras
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 > Western...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, June 29, 2017
Western Digital Responds to Toshiba's Actions


Western Digital said on Thursday that it remained committed to new investments in the memory manufacturing facilities ran by its joint ventures Toshiba, and that Toshiba's actions would harm not only Toshiba's stakeholders, but also their customers.

The two companies have been feuding over the $18 billion sale of Toshiba's memory unit, particularly after Toshiba chose a different consortium as it is preferred bidder.

Western Digital, which jointly runs Toshiba's main semiconductor plant, has sought a U.S. court injunction to prevent the inking of any deal without its consent.

On Wednesday Toshiba struck back with a lawsuit, saying Western Digital had interfered in the sale without due cause, adding that it is seeking 120 billion yen ($1 billion) in damages.

Western Digital did not comment on the lawsuit, as it has
not received any legal filings yet.

However, the company said that disputes should be resolved through arbitration with the ICC International Court of Arbitration.

SanDisk has filed a request for injunctive relief seeking to prevent Toshiba from transferring its JV interests until SanDisk's claims can be heard in arbitration. SanDisk looks forward to presenting its case to the Superior Court of California for the County of San Francisco on July 14, 2017. In addition, SanDisk is confident that it will succeed on the legal merits of its arbitration request filed on May 14, 2017, and the case continues to move forward in the ICC International Court of Arbitration.

Toshiba also blocked certain Western Digital employees from accessing databases related to their joint ventures and, in some cases, facilities as well.

Western Digital said it remained focused on the success of the joint ventures (JVs), and committed to protecting trade secrets.

"Toshiba took an unprecedented and retaliatory action to prohibit certain employees from accessing shared databases and, in some instances, the JVs' facilities themselves. This action will have the consequence of harming not only Toshiba's stakeholders, but also our respective customers," Western Digital said.

"We believe the actions taken by Toshiba are continued attempts to both pressure Western Digital to relinquish its previously agreed upon and legitimate consent rights, and to distract Toshiba's stakeholders following its annual general meeting. It is surprising that Toshiba would take such actions given the implications for its employees, customers, shareholders and creditors," WD added.

Western Digital also reiterated its commitment to jointly invest in the JVs, including Fab 6 in Yokkaichi, Japan, in order to continue conversion from 2D NAND to 3D NAND.



Previous
Next
Technicolor Buys LG's TV Set-top Box Unit        All News        Samsung releases Rose Pink Edition of the Galaxy S8+
LG To Supply ADAS Cameras to German Automaker     General Computing News      Sony Entertainment to Start Vinyl Record Production

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
WD is Pushing Data Center Capacity to New Heights with the 14GB Ultrastar Hs14 hard Disk Drive
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

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 .