Wednesday, July 18, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
European Commission Fines Google $5 billion For Illegal Practices Regarding Android Devices
Sony Releases New SXRD Full HD Reflective LCD and Signal Processing Drive LSI for Portable Projectors
Roxio Toast 17 Adds MultiCam Editing
MediaTek Introduces New Helio A Series Chipset Family for Affordable Smartphones
IBM Backs Stronghold Digital Stable Coin
Samsung Adds Deezer's HiFi Lossless Audio to Select Soundbar Models
Amazon.com Faced Problems During Prime Day
Pioneer to Release New Blu-ray Disc Burners For Long-term Archiving
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

Tuesday, December 12, 2017
Toshiba and Western Digital Close to Agreement Over Memory Chip Sale


Toshiba and Western Digital have agreed in principle to settle their legal dispute over the $18 billion sale of Toshiba's flash-memory business with a formal announcement expected soon.

According to Bloomberg's sources, Western Digital will drop arbitration claims in the U.S. that were aimed at stopping Toshiba from selling the chip business to a consortium led by Bain Capital, while the Japanese company will end its legal claims against Western Digital. As part of the settlement, Western Digital will be able to invest alongside Toshiba in a cutting-edge chip plant in Japan and receive a guaranteed supply of next-generation memory chips.

The chip memory partners have been locked in a legal battle since early this year after Toshiba said it would sell the chip business to pay for losses in its U.S. nuclear business. The U.S. company had argued Toshiba needed its consent to sell the business, an assertion the Japanese company disputed.

Last month, Toshiba said it would accelerate investments in its new Fab 6 chip facility in Yokkaichi, blocking Western Digital from participating and raising the prospect the U.S. company wouldn't get supplies of newer chips that it will need to remain competitive.

Toshiba also unveiled plans to raise 600 billion yen ($5.3 billion) in a stock sale, a deal that would help it avoid delisting even if the chip business sale isn't completed on time. This massive share offering suddenly meant that Toshiba no longer had to rush the memory unit sale, giving it an advantage in its negotiations with Western Digital. Obviously, the development added more pressure to WD.

Toshiba agreed in September to sell the business to a group of investors, including Bain, Apple, Dell and South Korea's SK Hynix Inc. The deal is structured so that Toshiba and Hoya Corp. will hold a majority of the voting stock, a solution that keeps control of sensitive technology in Japanese hands.



Previous
Next
Samsung TVs to Start Streaming Amazon HDR10 Plus Video Content        All News        Google Introduces three New Photo Apps
Japan Display Develops 803ppi LCD Designed for Virtual Reality Applications     General Computing News      Apple Confirms Acquisition of Shazam

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba Develops 703cm2 Film-based Perovskite Photovoltaic Module With a 11.7 Percent Power Conversion Efficiency
Western Digital Delivers New Object Storage Systems, NVMe All-Flash Arrays, and Server and Storage Platforms
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

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 .