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Toshiba said yes to the Bain-Capital-backed bunch – reports

Struggling Toshiba has picked a group led by the investment firm Bain Capital to buy its memory chip business, Reuters reports. The Bain group includes SK Hynix, a chipmaker based in South Korea, Apple, Dell and other US tech firms, and they've pitched an offer of about ¥2.1 trillion ($22 billion). "At this point, we cannot …
Andrew Silver, 20 Sep 2017

Western Digital and pals win Toshiba chip unit bid, claims report

Comment Japan’s Nikkan Kogyo Shimbun newspaper says a WDC bid group has won the Toshiba Memory Business auction. NKG claims Toshiba will decide in favour of the ¥2 trillion ($18.2bn) bid on September 13 and sign a formal contract following a Toshiba board meeting on September 20. If it goes through, the sale would be completed by …
Chris Mellor, 12 Sep 2017

Amazing! Is WDC giving in to Tosh pressure?

WDC has told Toshiba it will leave the consortium bidding for the stricken Japanese company's memory business, on the condition that the two companies co-invest in a new flash factory that will give WDC a stronger position in the JV. Toshiba's selling its memory business to help smooth over a mess in its nuclear energy …
Chris Mellor, 6 Sep 2017

Whoosh, there it is: Toshiba bods say 14TB helium-filled disk is coming soon

Toshiba stand staff at the Huawei Connect conference 2017 in Shanghai said a 14TB helium-filled disk drive would arrive "very soon". They confirmed that meant before the end of the year. Such a capacity would leapfrog Seagate's 12TB helium-filled drive. Currently Toshiba's largest disk drive, the MN series NAS drive, holds …
Chris Mellor, 5 Sep 2017
Sorry Shutterstock image

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
Frustation, image via Shutterstock

FFS: Toshiba snubs WDC, goes crawling back to Bain, Hon Hai

It ain't over till the fat lady sings and Toshiba isn't singing yet, failing to meet its own August 31 deadline and resuming talks with Bain and Hon Hai bid groups alongside the WDC consortium. A Toshiba statement said: While Toshiba exercised its best efforts to reach a mutually satisfactory definitive agreement with one of …
Chris Mellor, 1 Sep 2017

It's make-your-mind-up time! Toshiba to decide if WDC gets its flash biz

Some details have leaked about the bid consortium negotiating to buy Toshiba's interest in the flash foundry joint-venture it owns with WDC. Toshiba has been dragged to the negotiating table by WDC's time-consuming legal delay tactics because it faces a March 2018 deadline for resolving recapitalisation issues that threaten …
Chris Mellor, 30 Aug 2017

Fancy a free breakfast buffet? Tuck in to this storage smörgåsbord

Breakfast is the most important meal of the day, so start yours right with a balanced meal of software-defined, hyper-converged, hardware-accelerated, containerised, and virtualised storage industry news. Get feasting right away. Acronis Acronis, the data protection company that's added AI and blockchain smarts to its product …
Chris Mellor, 29 Aug 2017

Gather round, kids, and let's try to understand the science of 3D NAND

Backgrounder The world of flash is moving to 3D NAND, chips with 36, 48, 72 or 64 layers of flash cells, and 96-layer chips being prototyped. How has it developed from 2D NAND? To say 2D or planar NAND is a single layer of flash cells is true, as is saying that 3D NAND is layered, but 3D NAND is not actually manufactured from layers of 2D …
Chris Mellor, 25 Aug 2017
Shouting match

Toshiba, Western Digital talking again but they'd better agree lickety-split

Toshiba has restarted talks with Western Digital Corporation about buying its flash joint-venture interests after their CEOs met in Tokyo. Toshiba and WDC have a set of joint ventures based on the Yokkaichi flash foundry in Japan's Mie Prefecture. Facing a crippling need to recapitalise after its US nuclear power station- …
Chris Mellor, 23 Aug 2017
Roger Waters The Wall

Toshiba must allow Western Digital access to joint-venture assets

Western Digital Corp has notched up another win in its attempt to force Toshiba to talk turkey about selling its Memory Business to WD, or a bid group with its JV partner in it. Like Gulliver being held down by myriad silken threads, mighty Toshiba is currently being hampered by yet another WDC legal action. The Superior …
Chris Mellor, 16 Aug 2017
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Just kiss and make up already! Toshiba CEO strikes conciliatory note with chip partners WDC

Instead of being set on going it alone, Toshiba is actually willing to invest in Fab 6 foundry development with Western Digital. A translation of CEO Satoshi Tsunakawa's Japanese language pitch at the results conference has been seen by Stifel analyst and MD Aaron Rakers. Tsunakawa struck a conciliatory note, saying Toshiba …
Chris Mellor, 11 Aug 2017
empty pockets

Toshiba spared delisting after finally getting 2016 accounts approved

Auditors have finally signed off Toshiba's fiscal 2016 and Q1 '17 accounts but with a disputed qualification, so Tosh should avoid Tokyo Stock Exchange delisting on that account. Net sales in FY2016 were ¥4.9tn ($44.6bn) with a net loss of ¥966bn ($8.8bn). The first quarter of its fiscal 2017 saw sales of ¥1.14tn ($10.4bn) and …
Chris Mellor, 10 Aug 2017

Horsemen of the disk-drive apocalypse will ride upon 256TB SSDs

Analysis It's not a good week to be in the disk-drive business as solid-state tech news signals their imminent death – all due to a murderous group formed of Intel/Micron, Samsung, SK Hynix and Toshiba/WDC. How so? There are two disk drive formats – 2.5 and 3.5-inch – and three disk drive manufacturers – Seagate, Toshiba and Western …
Chris Mellor, 10 Aug 2017

Toshiba fires off trifecta of SSDs with 30TB range-topping whopper

Toshiba has a three-way SSD news announcement with SATA, and developing SAS and NVMe products, all using 64-layer 3D NAND chips, plus NVMe fabric software claimed to beat open source code. The PM5 Series is a 12Gbit/s SAS SSD with four-port Multilink technology providing close to PCIE speeds. The PM5 starts at 400GB but scales …
Chris Mellor, 8 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
Alice_Through_The_Looking_Glass

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

Ohm-em-gee: US nuke plant project goes dark after money meltdown

Energy companies in the US have cancelled plans to build a pair of nuclear power plants – after Toshiba's Westinghouse Electric Company collapsed. SCE&G and Santee Cooper in South Carolina said they will walk away from erecting two new reactors at the VC Summer Nuclear Station near the town of Jenkinsville. Announced in 2008 …
Shaun Nichols, 1 Aug 2017

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