Western Digital takes issue with Toshiba's sale of chip unit
It warns Japanese partner that plan to sell semiconductor business may violate their joint venture contract
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San Francisco
WESTERN Digital Corp, a joint venture partner with Toshiba Corp in its memory chip business, told the Japanese company that efforts to sell its semiconductor unit may violate their contract.
Western Digital's chief executive officer Steve Milligan wrote a letter to Toshiba's board members on April 9 advising them that they should first exclusively negotiate with Western Digital. He also argued that the rumoured bidders were unsuitable and the reported prices offered were above the fair and supportable value of the chip business, according to a person familiar with the process.
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