Western Digital has agreed to rescind the lawsuit filed in the Court of International Arbitration that Toshiba has allowed Yokosuki to participate in a plant in Yokkaichi, Mie Prefecture, setting restrictions on the collaboration of South Korean semiconductor giant SK Hynix, which is involved in the acquisition of Toshiba Memory The details of the negotiations have also been agreed upon, and the new plant to be built in the north part of Iwate Prefecture will also be jointly invested by both parties.
Toshiba announced on the 5th that a total of about 600 billion yen (about 35 billion yuan) of third-party directional replenishment has been completed, which paves the way for it to get rid of insolvent to maintain the listing. Which no longer exists, which makes Toshiba prevailed in the negotiations with Western Digital had been the impact of censorship by antitrust laws, Toshiba may be de-listing delisting if not in time for the sale of Toshiba memory before the end of March next year.
Toshiba pressured Western Digital to lift additional investment in a sixth plant under construction in Yokkaichi, forcing Western Digital to lift the lawsuit, and if Western Digital did not participate in the investment, the state-of-the-art flash memory could not be sold under the contract. Affected, Western Digital had to choose to accept the hand in the same conditions of cooperation.
Western Digital, a maker of hard-disk drives that record computer data, last year acquired SanDisk, a U.S. company that had partnered with Toshiba, taking advantage of Toshiba's huge losses in the U.S. nuclear business into a crisis that West reported on its Toshiba storage, The court obstructed the sale of the talks, and in September Toshiba decided to sell the company's memory to the U.S.-Japan-US-Korean consortium led by the U.S. investment fund Bain Capital.