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Western Digital stands by Toshiba memory business delay play

Leon Spencer | June 5, 2017
Western Digital plans to plough ahead with its efforts to delay the sale of Toshiba’s memory chip business.

"These actions have brought Toshiba to a point where its management is no longer able or willing to ignore the unwarranted interference," Toshiba stated.

Western Digital, meanwhile, responded to Toshiba's announcement, stating that the Japanese company's move to "revert to itself" the flash memory joint venture interests in its operation with Western Digital from TMC would fly in the face of contracts between the two companies.

"Toshiba's representation...confirms Western Digital's position that any attempt by Toshiba to transfer those interests would breach SanDisk's contractual consent rights," it said in a statement, also published on 2 June.

"Toshiba's new action does not resolve SanDisk's claims in the pending arbitration; in fact, Toshiba has simply replaced one attempt to circumvent SanDisk's consent rights with another. The arbitration will therefore continue.

"Western Digital continues to believe that any actions by Toshiba to transfer its [joint venture] interests to a third party without SanDisk's consent clearly violate the anti-transfer provisions of the joint venture agreement," it said.

Source: ARN 

 

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