Western Digital CEO meeting Japan officials over Toshiba: sources
Western Digital Corp’s top executive is in Japan to meet government officials, aiming to resolve a dispute with Toshiba Corp over the Japanese company’s planned sale of its chip business, sources familiar with the matter said on Tuesday. Toshiba is scrambling to sell its flash memory unit to cover losses from its bankrupt U.S. nuclear business Westinghouse but it has been locked in a legal battle with Western Digital, which is a joint venture partner in the memory chip business. In June, Toshiba announced its preferred bidder was a group made up of Japanese-government backed funds, Bain Capital and South Korean chip maker SK Hynix.
