Toshiba says it again is blocking Western Digital access to chip JV

Toshiba allowed Western Digital partial access to shared data servers after the Superior Court of California granted a temporary restraining order earlier this month. But the Japanese company said it resumed blocking access after its petition for an appeal was … Continue reading

Toshiba under pressure to consider ‘Plan B’ as chip sale falters: sources | Reuters

Those people say Toshiba’s leadership is sticking to Plan A: selling the world’s second-largest memory chip maker to a Japanese government-backed group that also includes Bain Capital. But the clock is ticking for Toshiba, which was still recovering from a … Continue reading

Western Digital says Toshiba’s actions in chip spat harm customers | Reuters

The two have been feuding bitterly over the $18 billion sale, particularly after Toshiba chose a different consortium as it is preferred bidder. Western Digital, which jointly runs Toshiba’s main semiconductor plant, has sought a U.S. court injunction to prevent … Continue reading

Western Digital seeks court injunction to block sale of Toshiba chip unit | Reuters

The escalation in the spat between Western Digital, which jointly operates Toshiba’s main chip plant, and its business partner follows tense last-minute jockeying by suitors for the world’s second-biggest producer of NAND semiconductors. According to a person familiar with the … Continue reading

Bain, KKR, Broadcom among suitors lining up for Toshiba’s chips business | Reuters

Broadcom, which has teamed up with private equity firm Silver Lake, and Bain which has partnered with South Korean chipmaker SK Hynix will participate in the second-round, the people said. It was not clear if KKR and its partners would … Continue reading

Toshiba: Too big to fail? – Apr. 14, 2017

Toshiba is “too big” for Japan to allow it to go under, said Kazunori Ito, an analyst with research firm Ibbotson Associates Japan. One risk is that banks will stop supporting the struggling conglomerate. But the lenders so far appear … Continue reading

After crippling cost overruns, Toshiba’s Westinghouse files for bankruptcy | Reuters

Bankruptcy will allow Pittsburgh-based Westinghouse, once central to Toshiba’s diversification push, to renegotiate or even break its construction contracts, though the utilities that own the projects could seek damages. It could even pave the way for a sale of all … Continue reading

Toshiba pushes sale of nuclear unit Westinghouse as crisis deepens | Reuters

The Japanese conglomerate said it believed it could find buyers for a majority stake in Westinghouse despite the potential for future losses as the unit had a stable fuel and services business. A sale would represent the latest in a … Continue reading

Toshiba’s Westinghouse brings in bankruptcy lawyers; disclosure deadlines loom | Reuters

U.S. nuclear firm Westinghouse Electric Co LLC has hired bankruptcy attorneys, in a sign that owner Toshiba Corp (6502.T) is more seriously weighing a Chapter 11 filing as an option to help it rein in a multibillion dollar financial maelstrom. … Continue reading

Taiwan’s Foxconn ‘definitely bidding’ for Toshiba chip business | Reuters

“Money should not be the only thing (for Toshiba) to consider… We can help its technology to be sold in products all over the world. That is Foxconn’s advantage.” Terry Gou said Foxconn was open to teaming up with partners … Continue reading