After a long and controversial sale process, Toshiba agreed last month to sell the most valuable chip division to the Bain Capital-led consortium. Toshiba is in dire need of funds to repay billions of dollars in debt owed by US nuclear electronics firm Westinghouse. Westinghouse Electric has filed for bankruptcy protection.
In the last year after the acquisition of flash Di, the West became a Toshiba chip joint venture partners. Western Digital insists that any chip sale of Toshiba must go through its consent and apply to the International Court of Arbitration for arbitration.
TOSHIBA flash memory chip head into the hair Kangxiong (Yasuo Naruke) said at a press conference today, due to competition in the market with Samsung Electronics, Toshiba and the best to establish a friendly relationship.
Western representative has not yet commented.
Western Digital is one of the world's largest hard disk manufacturers, spent 16 billion US dollars last year to buy the flash Di. Since 2000, the flash has been Toshiba's chip joint venture partners. Western chips as the key growth pillars, do not want to see the Toshiba chip business into the hands of competitors. Bain consortium includes South Korean chip maker SK Hynix.
Toshiba said this week, following the first plan to invest 19.5 billion yen, the company will Japan's fourth day of the city's Fab 6 chip production line and additional investment 110 billion yen (about 980 million US dollars). (Compile / flute rain)