Toshiba and Western Digital have been involved in a long-standing dispute over the sale of Toshiba's semiconductor business. Recently, there have been rumors that both companies have reached a preliminary agreement to resolve their differences regarding the chip division. However, Western Digital has remained silent on the matter, leaving the situation unclear.
According to an insider, Toshiba's board of directors has approved a framework for a potential settlement. The company is reportedly hoping that Western Digital will drop its arbitration claims in exchange for investment in new advanced flash memory production lines. A Toshiba spokesperson confirmed that the company is open to reconciliation with Western Digital but declined to provide further details.
In late October, Toshiba’s shareholders officially approved the sale of its flash chip subsidiary to a consortium led by Bain Capital for ¥2 trillion (around $17.5 billion). This move comes as part of Toshiba's broader strategy to recover from significant losses in its nuclear power business. The company aims to avoid delisting from the Tokyo Stock Exchange in March 2024 by securing much-needed capital.
Before the shareholder meeting, Toshiba had already announced its decision to sell the storage chip business to a group of international investors, including Apple, Dell, Seagate, Kingston, and South Korea’s Hynix. The deal was led by Bain Capital, which secured support from several major tech companies. By selling this division, Toshiba hopes to stabilize its financial position and focus on more profitable ventures moving forward.
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