Articles about Western Digital

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Toshiba sells memory biz for $18bn, becomes the Bain of Western Digital's existence

Toshiba has picked a Japanese-American consortium assembled by Bain Capital Private Equity as the buyer of its memory business. Jilted suitor Western Digital has immediately tried to stop the transaction happening. This story starts in the year 2006 when Toshiba acquired Westinghouse Electric in the hope it could grow a …
Simon Sharwood, 21 Sep 2017
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WDC to Toshiba: We're sorry about the memory thing (see you in court)

+Comment Western Digital boss Steve Milligan has apologised to Toshiba's CEO in an August 11 letter. The companies have been knocking lumps off each other as WDC tried to delay Toshiba's sale of its interest in the pair's flash foundry joint venture. Toshiba had threatened to deny WDC access to chips from the foundries. It had said it …
Chris Mellor, 1 Sep 2017
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Samsung's bantam SSD makes WD's 'passport' drive look passé

Samsung has introduced a 2TB T5 portable SSD you can stick in your shirt pocket. It comes in metallic blue with 250GB and 500GB capacities and black for 1TB and 2TB versions. It measures 74 x 57.3 x 10.5mm and weighs 51g, although precise weight varies by capacity. That's smaller than the average portable disk drive. …
Chris Mellor, 16 Aug 2017
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No chips for you! Toshiba takes flash off the menu for WDC

The Toshiba vs. Western Digital flash foundry scrap has gone up a notch, with the former threatening to cut off the latter's future flash chip supplies. The scrap started when Toshiba decided to go it alone on a ¥195bn ($1.76bn) plant named "Fab 6" that will make 96-layer 3D NAND manufacturing equipment. Western Digital (WDC) …
Chris Mellor, 7 Aug 2017
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Toshiba invests $1.76bn in flash fab production line, WD kinda peeved

Toshiba and Western Digital Corp negotiating makes for bizarre viewing. Billions of dollars are at stake, goodwill is laughably absent and one of the world's best flash production partnerships could be headed down the toilet. Rehash the background here or accept the summary that Tosh needs billions in cash and wants to sell …
Chris Mellor, 3 Aug 2017

Flash, aaaaaah! Western Digital waggles sales in nemesis Seagate's face

Western Digital earned the revenues it said it would in its final fiscal 2017 quarter and gave an object lesson to Seagate in how to run a storage drive business. WD revenues were $4.8bn for its latest quarter, compared to Seagate's $2.4bn, a difference of 100 per cent. That's what buying into the flash chip and SSD business …
Chris Mellor, 28 Jul 2017

Western Digital bares fangs in $1bn Toshiba lawsuit

Western Digital has hit back at Toshiba, its flash memory joint venture partner, which this week sued it in Japan for $1bn damages, alleging unfair competition and theft of trade secrets. Toshiba has also prohibited certain employees from accessing shared databases related to the three NAND flash-memory joint ventures operated …
Chris Mellor, 29 Jun 2017
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Oh my Tosh: WDC submits fresh bid for Toshiba memory biz

WDC and KKR have submitted a fresh bid for beleaguered Toshiba's memory business, in competition with the preferred INCJ/Bain/SK Hynix bid. The memory business includes a joint venture between WDC and Toshiba to make flash chips at foundries in Japan. Toshiba is selling its memory business in an auction to recoup from company …
Chris Mellor, 27 Jun 2017
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WDC wants in on Japan-backed consortium to buy Toshiba's chip biz

WDC may have a way back into Toshiba's memory business auction although Toshiba has selected the Japanese state-backed INCJ consortium's ¥2tn ($18bn) bid group, which excluded WDC. The bid group includes Bain Capital and SK Hynix, with Bain contributing ¥850bn ($7.7bn), making it nominally the largest cash contributor. Half of …
Chris Mellor, 21 Jun 2017

Toshiba chip biz auction: Picks Japan-Bain fund bid

Toshiba has reportedly picked a home-grown Japanese state-backed fund to buy its memory business, and has frozen out flash foundry joint-venture partner WDC. Read the background to this convoluted and complex Memory Business saga here. The Foxconn (Hon Hai Precision Industries) bid group looks to be getting rejected, because …
Chris Mellor, 21 Jun 2017

WDC fires another shot at Toshiba in flash foundry spat, whispers: Pick me, Tosh!

Analysis Western Digital Corporation continues its strange make love and war approach to getting a slice of Toshiba's Memory Business action by opening a new legal attack on its joint venture partner. WDC announced today several of its SanDisk subsidiaries had filed an injunctive relief motion in the Superior Court of California for …
Chris Mellor, 15 Jun 2017
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Toshiba bowls out small but nippy enterprise spinner

Toshiba has a high-speed enterprise disk drive that ships data 20 per cent faster than the model before it. The 2.5-inch form factor AL14SX is an update on the prior AL13SX, launched in March 2015 with capacities of 300GB, 450GB and 600GB. The AL14SX spins at 15,000rpm and uses a 12Gbps SAS interface. Capacities are 300GB, …
Chris Mellor, 14 Jun 2017
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Toshiba memory unit drama alert: SK Hynix chips into Japanese consortium bid

Korean chipper SK Hynix is joining a Japanese state fund-led consortium to bid for Toshiba's memory business, and WDC could be out. The background to this bewildering and lightning fast game of musical chairs is that Toshiba is selling its NAND chip and SSD-making unit for at least ¥2tn ($18bn) to recover from cost overruns at …
Chris Mellor, 14 Jun 2017

Toshiba Twist holds out bowl, WDC sweetens flash plant deal to $18bn

The Toshiba memory business saga careers on with a consortium including WDC set to raise its bid to ¥2tn ($18bn) or more. Bidders reported to be involved by Reuters and the Nikkei are: Japanese state-backed investment fund Innovation Corporation Network of Japan (ICNJ) plus WDC and Bain Capital with its raised bid of ¥2tn ($ …
Chris Mellor, 12 Jun 2017
Pop art style illustration of man exclaiming "WHAT?" in shock/horror/bemusement. Illustration via Shutterstock

Toshiba asset-swap shock: Western Digital is not impressed

Loss-ridden Toshiba has pulled an unexpected move which it hopes will allow it to auction off its flash memory unit for a big pile of cash within the month. It says it has reabsorbed assets from its flash foundry JV with Western Digital Corp. In a letter obtained by the Financial Times, Toshiba’s lawyers announced it is …
Andrew Silver, 1 Jun 2017
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WDC may form carrion consortium to snap up Toshiba's flash memory biz

Western Digital may form a consortium to buy up Toshiba’s hotly disputed NAND flash memory unit, according to reports. Back in April WD Corporation (WDC) chief exec Steve Milligan said his company was willing to bail out the ailing Tosh. The two firms have been at each other’s throats for months over their joint venture in the …
Gareth Corfield, 30 May 2017
japanese yen. pic by shutterstock

WDC flashes the cash in in Tosh Memory biz bid: 2 treeellion yen

+Comment WDC is partnering with a state-backed Japanese fund and bidding ¥2 trillion ($17.9bn, £13.8bn) to buy Toshiba’s Memory Business. Two days ago, WDC had no skin in the second bidding round game but was rumoured to be setting up some kind of deal. It has joined with the Innovation Network Corp. of Japan (INCJ), one of the second …
Chris Mellor, 24 May 2017

Ding-ding-ding. Round 2 of Toshiba Memory biz bid fight. Where the heck is WDC?

+Comment There are four bidders for Toshiba’s Memory Business and WDC isn’t one of them. However, Western Digital Corporation is still in the running, according to the Nikkei. The background story can be found here, with its hot links. The four bidders at the end of round two of Tosh’s auction are said to be: Bain Capital + Toshiba …
Chris Mellor, 22 May 2017

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