Toshiba and WD at loggerheads over $1.76bn fab investment
- Auteur:Ella Cai
- Relâchez le:2017-08-03
Toshiba says it will go ahead with a $1.76 billion investment to build a new generation of 3D NAND without the involvement of its jv fab partner Western Digital which is saying it wants to be involved.
Toshiba says the $1.76bn investment is $135 million more than it would have been had WD participated.
However, WD says it wants to invest alongside Toshiba. “While we are disappointed by Toshiba’s announcement, the agreements governing the JVs give us the right to participate in investments in Fab 6 equipment along with Toshiba and that is exactly what we intend to do,” says WD.
Toshiba is involved in a bitter legal scrap with WD over the sale of the business.
Toshiba says it is still open to talks with WD about the investment.
A California court has ruled that Toshiba must allow WD access to its jv databases and chip samples which Toshiba has been blocking.
Toshiba says the $1.76bn investment is $135 million more than it would have been had WD participated.
However, WD says it wants to invest alongside Toshiba. “While we are disappointed by Toshiba’s announcement, the agreements governing the JVs give us the right to participate in investments in Fab 6 equipment along with Toshiba and that is exactly what we intend to do,” says WD.
Toshiba is involved in a bitter legal scrap with WD over the sale of the business.
Toshiba says it is still open to talks with WD about the investment.
A California court has ruled that Toshiba must allow WD access to its jv databases and chip samples which Toshiba has been blocking.
