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Toshiba, <span style='color:red'>Western Digital</span> Reportedly Close to Settlement

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Toshiba, Western Digital Reportedly Close to Settlement

　　Toshiba and Western Digital are nearing a settlement that end litigation between the firms which continues to be an obstacle to finalizing an $18 billion deal by Toshiba to sell its semiconductor business to a consortium led by private equity firm Bain Capital, according to a report by the Reuters news service.　　The settlement — which has not been finalized — would give Western Digital the ability to participate in upcoming capacity expansions, including a new fab line at Toshiba's Yokkaichi Operations site and a greenfield fab planned for next year in Northern Japan, according to the report, which cites unnamed sources.　　A deal would also extend the joint venture agreements between the two firms beyond 2021, when they start to expire, the report states.　　Toshiba had taken steps to shut Western Digital out of investments in new capacity after Western Digital took legal steps to prevent the sale of the Toshiba chip unit. Western Digital maintains that joint venture agreements between Toshiba and SanDisk — which Western Digital acquired last year — require Toshiba to seek Western Digital's approval before selling its memory chip unit.　　Western Digital had sought to acquire some or all of Toshiba's semiconductor business, but Toshiba prefered other bids, reportedly out of concern for Western Digital's ultimate stake in the business. The structure of the Bain-led consortium — which also includes Hoya Corp., the Innovation Network Corp. of Japan (INCJ) and the Development Bank of Japan — means that more than 50 percent of Toshiba's the business will be held by Japanese entities, something that both Japan and Toshiba's board pushed for.　　However, the legal entanglements with Western Digital have proven to be a stumbling block for Toshiba in trying to close a deal with the Bain-led consortium. A settlement would presumably pave the way to close the deal.

Key word：

Toshiba, Western Digital

Release time：2017-12-12 00:00 reading：2615 Continue reading>>

<span style='color:red'>Western Digital</span> Still Hopes to Block Toshiba Chip Sale

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Western Digital Still Hopes to Block Toshiba Chip Sale

　　Toshiba may have settled on a bid from a consortium led by private equity firm Bain Capital for its semiconductor business, but the owner of its longtime partner in NAND flash development is still working to prevent the sale.　　After trying for months to hammer out a deal to acquire Toshiba's semiconductor business, Western Digital now appears to be pinning its hopes on a legal strategy that includes three separate arbitration cases and may take two years or more to resolve.　　Western Digital has initiated three arbitrations against Toshiba in the matter, most recently last week when it ask the International Chamber of Commerce arbitration court to block Toshiba Memory from going to alone in investing for new equipment for NAND fabs. Toshiba had said it would invest unilaterally in equipment for a new NAND fab at its Yokkaichi operations site, shutting out Western Digital's SanDisk subsidiary, Toshiba's partner in NAND flash development and manufacturing for the past 17 years.　　An earlier request for arbitration, filed in May, seeks an injunction that would require Toshiba to unwind the transfer of its semiconductor assets to Toshiba Memory Corp., a subsidiary set up for the purpose of being spun out through a sale. That arbitration request also seeks a ruling preventing Toshiba from transferring assets of the joint venture between the two companies without Western Digital's consent and interim injunctive relief presumably in the form of preventing sale of Toshiba Memory until the matter is resolved. A ruling on the request for injunctive relief is not expected until early next year, Western Digital said.　　Western Digital said the arbitrations — each of which will be decided by a three-member panel — are proceeding. The companies have agreed to some of the arbitrators that will sit on the panels, Western Digital said.　　There is still no timetable for when the arbitration tribunals will actually begin, and Western Digital said rulings in the cases may take 24 months or more.　　The legal maneuvers by Western Digital may well put a kink in the works of Toshiba's plans to sell its chip unit to the Bain group, which also includes South Korean memory chip vendor sk Hynix, Apple, Dell and Japanese government-backed organizations Innovation Network Corp. of Japan (INCJ) and the Development Bank of Japan.　　An earlier effort by the same group to acquire Toshiba Memory stalled, reportedly because both INCJ and the Development Bank of Japan wanted Western Digital's legal challenges to be resolved prior to finalizing a deal. The new deal, announced last week,calls for these organizations to participate in funding the acquisition only after the Western Digital challenges are resolved. Toshiba said the deal is based on the premise that the sale would move forward even if courts impose an injunction against Toshiba.　　A California court ordered in July that Toshiba must provide Western Digital with at least 14 days of notice prior to close the sale. The court also ruled in August that Toshiba could not prevent SanDisk employees from accessing databases containing relevant manufacturing information about the JVs.　　The Reuters news service reported Tuesday that the deal with the Bain-led group is still unsigned because Apple had yet to agree to terms.　　Toshiba has been looking to sell its semiconductor business since early this year to offset huge losses incurred by its U.S. nuclear power business. The company has held negotiations with several groups, including one led by Western Digital and another led by Taiwanese contract manufacturing giant Foxconn. Toshiba announced in June that the Bain-led group was its preferred bidder, but the deal stalled over the Western Digital challenges.　　In a statement issued Tuesday (Sept. 26), John Hueston, counsel for Western Digital and a partner at Hueston Hennigan LLP, repeated Western Digital's assertion that the joint venture agreements between SanDisk and Toshiba explicitly prohibit the sale of each company's relevant assets without the consent of the other. He said Western Digital remains confident it will succeed in the arbitration process.　　"Absent any willingness on Toshiba's part to resolve this matter with its JV partner in a constructive manner, we intend to continue our successful legal efforts into the binding arbitration," Hueston said.

Key word：

Western Digital,Toshiba,Chip Sale

Release time：2017-09-27 00:00 reading：2902 Continue reading>>

<span style='color:red'>Western Digital</span> Buys Flash Array Vendor Tegile

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Western Digital Buys Flash Array Vendor Tegile

　　Western Digital Corp. said it reached a deal to acquire flash and persistent memory startup Tegile Systems. Terms of the agreement were not disclosed.　　Tegile, founded in 2010, markets flash and hybrid storage arrays for enterprise data centers. The company recently rolled out what it says is the industry's first unified all-Nonvolatile Memory Express (NVMe) array on the market, dubbed the IntelliFlash N series.　　Western Digital was already a major investor in Tegil. It's venture capital arm, Western Digital Capital, had participated in all three of Tegile's major sending rounds and served as the lead investor in the last round of $33 million in funding that Tegile closed in April. In total, Tegile has taken more than $168 million in venture capital funding.　　Western Digital said the deal would bring to the company's Data Center Systems unit more than 1,700 new customers, as well as Tegile's product portfolio and experienced team.　　"The Tegile acquisition will fit perfectly in Western Digital’s long-term strategy to deliver high value solutions that address customers’ rapidly evolving storage needs," said Mike Cordano, Western Digital's president and chief operating officer, in a press statement.　　"The addition of Tegile’s technology and talented team will advance our goal of solving customers’ most significant challenges in capturing, preserving, transforming and accessing data," Cordano added.

Key word：

Western Digital,Tegile

Release time：2017-09-01 00:00 reading：2947 Continue reading>>

<span style='color:red'>Western Digital</span> May Get Toshiba Memory After All

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Western Digital May Get Toshiba Memory After All

　　A new consortium involving Western Digital Corp. has emerged as the leading contender to acquire Toshiba Corp.'s semiconductor business and could pull the trigger on a deal by the end of this month, according to a report by Japan's Nikkei news service.　　A consortium involving Western Digital, U.S. private equity firm Kohlberg Kravis Roberts along with the government-backed entities the Innovation Network Corp. of Japan (INCJ) and the Development Bank of Japan has offered about 1.9 trillion yen (about $17.3) billion for Toshiba Memory and is in late-stage negotiations on a deal, according to the report.　　According to the Nikkei report, plans call for Western Digital to ultimately take a stake of less than 20 percent in the unit after the deal clears regulatory reviews.Western Digital would not initially receive voting rights in the venture, the report states.　　Relations have gotten testy between Toshiba and Western Digital — partners in NAND flash technology development and manufacturing — since Toshiba announced plans to sell off its semiconductor business earlier this year. The two sides have traded lawsuits in multiple venues over issues such as access to manufacturing data for Western Digital's Sandisk subsidiary and are set to begin arbitration at the International Chamber of Commerce over Toshiba's insistence that it doesn't need Western Digital's permission to sell its chip business.　　Toshiba initially resisted Western Digital's attempts to acquire Toshiba Memory, preferring instead a bid from another consortium that included INCJ, the Development Bank of Japan, Bain Capital and SK Hynix. But the two sides have been unable to finalize a deal, reportedly because of uncertainty over the outcome of Western Digital's legal challenge to the sale.　　According to the Nikkei report, the INCJ — a public-private venture — and the Development Bank of Japan are willing to be involved in whatever consortium strikes a final deal with Toshiba at the urging of the Japanese government.　　Toshiba spun off its semiconductor business in April and began accepting bids for it in an attempt to raise funds to help offset massive losses at its U.S. nuclear power subsidiary. Toshiba is the No. 2 player in NAND flash, with market share of about 18 percent, trailing only Sansung Electronic Co. Ltd.　　The $17.3 billion bid from the new consortium is lower than the estimated $18 billion Toshiba initially said it expected the chip unit to fetch.

Key word：

Western Digital,Toshiba,Memory

Release time：2017-08-25 00:00 reading：2746 Continue reading>>

Toshiba Agrees to Give <span style='color:red'>Western Digital</span> Notice of Sale

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Toshiba Agrees to Give Western Digital Notice of Sale

　　Toshiba Corp. has agreed to provide Western Digital Corp. (WD), its partner in NAND flash technology development and manufacturing, at least two weeks notice prior to selling assets that are part of a joint development between the two companies.　　Toshiba agreed to provide the notice following an order issued by a California court here after the two companies attended a hearing earlier this month, WD said in a press statement.　　WD said the agreement between the two companies, which was officially entered by the court as an order, protects the joint venture interests of its SanDisk subsidiary and preserves SanDisk's consent rights until an arbitration between the two companies that will be heard in the International Chamber of Commerce. WD request the arbitration hearing May and it is expected to begin within the next month.　　Toshiba has been moving to sell its semiconductor division to help offset huge losses by the conglomerate's U.S. nuclear power subsidiary.　　After weeks of bigs and negotiations, Toshiba named a consortium led by the Innovation Corporation of Japan (INCJ) as its preferred bidder last month — much to the dismay of WD, which also seeks to acquire the Toshiba chip division. WD has objected that Toshiba is contractually obligated to seek its approval prior to selling assets that are part of the joint venture between the two companies and had been pushing Toshiba for exclusive negotiating rights.　　However, a deal with the INCJ-led coalition — which also includes the Development Bank of Japan, private equity firm Bain Capital and South Korean memory chip vendor Hynix — has not materialized. The Reuters news service reported that Toshiba's board met last week to consider other bids.　　"Our goal has always been to protect and preserve the health and future of our successful joint ventures," WD said in the statement. "Our ongoing discussions with Toshiba and its stakeholders have been constructive, and we will continue to work to seek a solution that is in the best interests of all parties."　　Reuters reported that a Toshiba spokesman said that, as a practical matter, Toshiba does not expects to close a deal within two weeks and that the company looks forward to presenting its case at the ICC arbitration tribunal.

Key word：

Toshiba,Western Digital Notice,Sale

Release time：2017-08-02 00:00 reading：2893 Continue reading>>

Toshiba Fires Back at <span style='color:red'>Western Digital</span>, Seeks $1.1B in Damages

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Toshiba Fires Back at Western Digital, Seeks $1.1B in Damages

　　Toshiba Corp. said Wednesday (June 28) it filed suit against NAND flash technology development partner Western Digital Corp. (WDC), asking a Tokyo court to prevent Western Digital from further interfering with the proposed sale of its semiconductor spin off, Toshiba Memory.　　The complaint, filed with the Tokyo District Court, seeks an injunction against WD as well as 120 billion yen (about $1.1 billion) in damages. Toshiba also said it would bar WD from accessing information about the joint venture between the two companies.　　The lawsuit is the latest development in a feud between the two companies over the proposed sale of Toshiba's memory chip business, including its stake in the manufacturing joint venture between the two firms. Toshiba announced earlier this year that it would sell its semiconductor business to help offset massive losses by its U.S. nuclear power division. Toshiba announced last week that its preferred buyer for the spin off, Toshiba Memory, is a consortium that includes Innovation Network Corp. of Japan (INCJ) and private equity firm Bain Capital.　　In a statement issued Wednesday, Toshiba said WD has exaggerated its rights regarding the joint venture between the two firms. WD maintains that Toshiba must obtain WD's approval to sell its stake in the joint venture to another entity.　　Toshiba also claims that WD improperly obtained Toshiba trade secrets by transferring employees of its subsidiary, SanDisk, to WD. Toshiba and SanDisk maintained a long-running collaboration on NAND flash technology development and manufacturing prior to WD's acquisition of SanDisk last year. Toshiba said it would immediately block WD's access to information related to the joint venture between the two firms after WD rejected a contract covering the access to that information.　　WD did not immediately respond Wednesday to request for comment on the Toshiba lawsuit.　　WD sued Toshiba earlier this month, asking a San Francisco court to halt the sale of Toshiba Memory pending the results of an arbitration hearing between the two companies on the matter that WD requested in May.　　WD would like to acquire Toshiba Memory and previously asked Toshiba for exclusive negotiating rights to buy the unit. It was widely reported Tuesday that WD submitted a revised bid for Toshiba Memory in conjunction with a partner, private equity firm KKR & Co.　　In choosing the INCJ consortium as its prefered bidder, Toshiba complied with the wishes of the Japanese government, which wants Toshiba's semiconductor technology to remain in Japan. However, Toshiba said Wednesday that it would not meet its self-imposed June 28 deadline for having an agreement in place to sell Toshiba Memory due to differences of opinion by the various firms involved in the consortium. Toshiba said it intends to continue negotiating the consortium to reach a definitive agreement as soon as possible.　　Meanwhile, Toshiba and WD also announced this week that the two companies' joint venture has successfully developed its next-generation 3D NAND technology, BiCS4, with 96 layers of vertical storage capability. The technology will initially be deployed in a 256-gigabit chip and will subsequently ship in a range of capacities, including a terabit on a single chip, according to WD.

Key word：

Toshiba,Western Digital

Release time：2017-06-29 00:00 reading：2574 Continue reading>>

<span style='color:red'>Western Digital</span> Sues to Halt Toshiba Sale

Trade news

Western Digital Sues to Halt Toshiba Sale

　　Western Digital Corp. (WD) has asked a California court to halt the sale of Toshiba Corp.'s semiconductor business pending the results of arbitration between the two companies on the matter.　　WD said Wednesday (June 14) that several of its SanDisk subsidiaries are seeking preliminary injunctive relief in Superior Court in San Francisco, arguing that ani-transfer provisions in the agreements between the two companies require that Toshiba obtain WD's consent prior to any transfer of the memory chip joint ventures between the two companies.　　Toshiba and Sandisk have been partners in NAND flash technology development and manufacturing since the late 1990s. WD acquired Sandisk for $19 billion last year.　　The two firms have been trading barbs since Toshiba announced plans to sell most or all of its semiconductor business in order to offset losses by its U.S. nuclear power business. WD would like to buy Toshiba's semiconductor business and reportedly increased its offer for it to $18 billion or more in recent days.　　WD last month requested arbitration with Toshiba at the International Chamber of Commerce seeking to unwind the transfer of Toshiba's chip business to a spin off for the the purpose of its sale. WD said Wednesday it is proceeding with the arbitration.　　"Toshiba Corporation's attempts to circumvent our contractual rights have left us with no choice but to take this action," said Steve Milligan, WD's CEO, in a press statement. Milligan added that "left unchecked, Toshiba would pursue a course that clearly violates these rights."　　Meanwhile, Toshiba plans to choose a winning bid this month and finalize the sale by June 28. In addition to WD, other suitors still considered to be in the running include a coalition led by the government-backed Innovation Network Corp of Japan (INCJ), a joint bid by Foxconn and partners including Apple and Dell, and a bid by Broadcom Corp. and U.S. equity firm Silver Lake Partners. The Broadcom-Silver Lake partnership has bid nearly $20 billion, according to reports.

Key word：

Western Digital,Toshiba

Release time：2017-06-16 00:00 reading：2667 Continue reading>>

model	brand	Quote
MC33074DR2G	onsemi
BD71847AMWV-E2	ROHM Semiconductor
TL431ACLPR	Texas Instruments
CDZVT2R20B	ROHM Semiconductor
RB751G-40T2R	ROHM Semiconductor

model	brand	To snap up
TPS63050YFFR	Texas Instruments
IPZ40N04S5L4R8ATMA1	Infineon Technologies
BU33JA2MNVX-CTL	ROHM Semiconductor
BP3621	ROHM Semiconductor
STM32F429IGT6	STMicroelectronics
ESR03EZPJ151	ROHM Semiconductor

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