On Thursday, Japan’s Kioxia Holdings Corp stated, it would build a new production line for NAND memory chips in central Japan in order to meet surging demand for data storage across industry sectors ranging from smartphones to self-driving cars. The new line, the seventh for Kioxia, will be built at its existing plant in Yokkaichi,…
Toshiba needs to desperately divest its chip making business. Negotiations with investors led by Bain Capital appear to be chugging alone steadily. On Wednesday, in a significant development, Toshiba Corp disclosed it has signed a memorandum to accelerate negotiations for selling its memory chip business to a group of investors led by private equity firm,…
While Toshiba has narrowed down the pool of suitors, all the bids have Apple, its key customer, as a common denominator. On Friday, Japan’s Kyodo news agency reported that a group, which includes Western Digital, has sought $464 million (50 billion yen) from Apple Inc to help finance a bid for Toshiba Corp’s NAND chip…
While Western Digital’s earlier stance may have resulted in increased litigation costs whereas its current stance is likely to give it access, in the form of a minority stakeholder, in Toshiba’s chip business. As per two sources familiar with the matter at hand, Western Digital Corp is likely to join a consortium of Japanese government…
The move is essentially a pressure tactics. U.S.-based Western Digital Corp has taken legal action to potentially derail Toshiba’s sale of its chip manufacturing business with its application of international arbitration. Western Digital Corp wants to stop its partner, Toshiba Corp, from selling its chip manufacturing business without its consent. This will impact Toshiba’s attempt…
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