Western Digital ‘no’ to SK Hynix participation in Toshiba chip unit sale


Western Digital, which jointly runs Toshiba's main semiconductor plant, has been feuding bitterly with its Japanese partner over the $18 billion sale.

TOKYO: Western Digital Corp has told Toshiba Corp that it will not agree to a sale of the Japanese conglomerate’s prized memory chip unit to a preferred bidding consortium that includes rival chipmaker SK Hynix Inc.

Western Digital, which jointly runs Toshiba’s main semiconductor plant, has been feuding bitterly with its Japanese partner over the US$18bil sale and has sought a US court injunction to prevent any deal that does not have its consent.“I must make it clear that Western Digital will not consent to a transaction with the proposed consortium,” CEO Stephen Milligan said in a letter sent to Toshiba’s board.

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Business , Toshiba , Western Digital , SK Hynx , stocks ,

   

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