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General

Toshiba, Western Digital spar around memory unit sale

Tuesday 16 May 2017 | 09:11 CET | News
Toshiba CEO Satoshi Tsunakawa has said the company has the right to sell its memory-chip business, including a stake in a joint venture with Western Digital, even if the US company is not in accord, the Wall Street Journal reported. The CEO made the statements during a new conference in Tokyo after Western Digital said it was filing a request for binding arbitration to prevent the sale from going forward. Toshiba is looking to get at least JPY 1 trillion from the sale of the semiconductor unit after taking a USD 6.3 billion loss at its nuclear division, Westinghouse Electric, which filed for

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Categories: General
Companies: SanDisk / Toshiba / Western Digital
Countries: Japan / World
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