image: lerche-werbemittel

Western Digital continues to block Toshiba Memory deal

November 1, 2017

Western Digital has again reiterated its plan to block Toshiba’s sale of its semiconductor subsidiary to a Bain Capital-led consortium, despite the ink now being dry on the deal.

To offset losses made by a disastrous attempt at breaking into the US nuclear energy market, Toshiba announced plans to spin off its semiconductor division, minus its imaging sensor business, into a separate company dubbed Toshiba Memory Corporation. To bring in much-needed cash, a chunk of said business was to be sold to outside investors with SK Hynix and Micron among the early bidders.