Deals
Toshiba Set to Strike Back as Western Digital Clash Heats Up
- Toshiba says Western Digital has ‘no ground’ to derail process
- Western Digital has chip production joint venture with Toshiba
Toshiba in Legal Row Over Chip Deal
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Toshiba Corp. is moving to block Western Digital Corp. employees from the flash-memory venture they share, after a threat of legal action loomed over the increasingly bitter dispute over who gets to buy the Japanese company’s chip unit.
Western Digital invoked an arbitration clause in their business agreement, which could postpone a sale. Later on Monday, Toshiba will go forward with plans to shut out Western Digital’s workers from its flash memory facilities in Yokkaichi in central Japan as well as digital access to its networks, people familiar with the matter said.