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Western Digital Announces Magnetic Storage Breakthrough Enabling 40TB HDDs

At its "Innovating to Fuel the Next Decade of Big Data" event today, Western Digital Corp. announced a breakthrough innovation for delivering ultra-high capacity hard disk drives (HDDs) to meet the future demands of Big Data with proven data center-level reliability. The event, held at the company's headquarters in Silicon Valley, included a demonstration of the world's first microwave-assisted magnetic recording (MAMR) HDD and presentations from company executives and the inventor of MAMR technology, Professor Jimmy Zhu from Carnegie Mellon University. The company also showcased advancements in micro actuation and Damascene recording head technology. Western Digital expects to begin shipping ultra-high capacity MAMR HDDs in 2019 for use in data centers that support Big Data applications across a full range of industries.

"As the volume, velocity, variety, value and longevity of both Big Data and Fast Data grow, a new generation of storage technologies are needed to not only support ever-expanding capacities, but ultimately help our customers analyze and garner insights into our increasingly connected universe of data," said Mike Cordano, president and chief operating officer at Western Digital. "Our ground-breaking advancement in MAMR technology will enable Western Digital to address the future of high capacity storage by redefining the density potential of HDDs and introduce a new class of highly reliable, 'ultra-high capacity' drives. We have a proven track record for identifying, investing in and delivering advanced technologies that create new product categories and enable the world to realize the possibilities of data. Five years ago we introduced our HelioSeal, helium-filled drive technology. Since then, we have shipped more than 20 million helium drives. That type of leadership and innovation continues today and we aim to leverage it well into the future."

HGST Announces World's First 14 Terabyte Hard Drive

Western Digital Corp., a global data storage technology and solutions leader, today announced that it is providing cloud and hyperscale data centers the capacity required by big data applications with the world's first 14TB enterprise-class hard drive featuring host-managed shingled magnetic recording (SMR) technology. Western Digital's HGST-branded Ultrastar Hs14 delivers 40 percent more capacity and more than twice the sequential write performance of its SMR predecessor, enabling more economical and efficient capture of the growing volume and variety of data.

The future is built on the insights and predictive power of big data. As data grows exponentially, storing it all in an affordable and accessible manner is an ongoing challenge for enterprise and cloud service data center operators. With a focus on total cost of ownership (TCO), the factors of capacity per rack, power consumption, cooling, maintenance, and acquisition cost are all paramount. To combat the big data challenge, Ultrastar Hs14 drives deliver unprecedented capacity leadership and online watt/TB power efficiency for extremely low TCO by harnessing two core complimentary technologies - fourth generation HelioSeal technology, and second generation host-managed SMR - along with enterprise-class reliability.

Toshiba Sells its Memory Business to Bain Capital for $18 Billion

Toshiba today announced that it has signed an agreement with a consortium led by Bain Capital to sell its memory business for JPY 2 trillion (approximately USD $18 billion). The consortium includes Korean memory giant SK Hynix, which contributed JPY 395 billion (nearly 20 percent) of the consortium's investment toward acquisition of Toshiba Memory Corp. Apple and Dell are the other members of the consortium.

Toshiba Corporation (erstwhile parent of Toshiba Memory Corp.) continues to hold a 40.2 percent stake, which along with another Japanese company, Hoya Corporation, holding a 9.9 percent stake, ensure that Japanese firms hold 50.1 percent of the business, keeping Japanese regulators happy. The Bain Capital-led consortium will hold a 49.9 percent stake, ensuring that Toshiba Memory Corp. stays afloat, and away from rival Western Digital, which has dragged Toshiba to a multitude of international courts and arbitrators. Apart from SK Hynix, the Bain Capital-led consortium includes Apple and Dell, who feared they would lose DRAM and NAND flash price bargaining power if Toshiba Memory fell in the hands of Western Digital, which owns SanDisk.

Sources: Toshiba, CNBC

Toshiba Responds to SanDisk's Call for International Arbitration

Western Digital Corporation's subsidiary SanDisk LLC (SanDisk) and certain of its subsidiaries, through their attorneys, have notified Toshiba Corporation (TOKYO:6502)(Toshiba) and Toshiba Memory Corporation (TMC), a wholly owned subsidiary of Toshiba, that they have initiated arbitration regarding TMC's planned investments for additional BiCS capacity at TMC's Yokkaichi Operations, including at its Fab 6 building. Although Toshiba has not yet received a formal copy of the arbitration request, and is therefore not in a position to comment regarding its substance, Toshiba is disappointed by Western Digital's initiation of additional arbitration at this important time for the parties' collaboration.

As previously announced, production at Fab 6 will be entirely devoted to BiCS FLASH, Toshiba's premiere 3D Flash memory product. Phase-1 of the fab is scheduled for completion in summer 2018, and will be a unilateral investment by Toshiba following SanDisk's unwillingness to agree to reasonable commercial terms.

SanDisk Initiates New Arbitration Proceedings Against Toshiba In the ICC

Western Digital Corp. (NASDAQ: WDC) today announced that several of its SanDisk subsidiaries have filed an additional Request for Arbitration with the ICC International Court of Arbitration related to three NAND flash-memory joint ventures ("JVs") operated with Toshiba Corporation ("Toshiba").

On Aug. 3, 2017, Toshiba announced that it would unilaterally invest in manufacturing equipment for the Fab 6 clean room at the JV operations in Yokkaichi, Japan. The arbitration demand seeks, among other things, a permanent injunction preventing Toshiba from making unilateral investments in manufacturing equipment for Fab 6 without first giving SanDisk the opportunity to make a comparable investment in expansions and conversions of JV capacity for BiCS 3D NAND flash memory.

Western Digital commented: It is unfortunate that SanDisk is forced to initiate binding arbitration to remedy Toshiba's retaliatory breach of the JV agreement entered into by both SanDisk and Toshiba.

Western Digital Ships 12 TB WD Gold Hard Drives

Western Digital Corporation (NASDAQ: WDC), a global data storage technology and solutions leader, has expanded its WD Gold hard drive lineup to include a 12 TB capacity model, designed to address demanding Big Data workloads. The new high-capacity hard drives provide for increased storage density in a range of enterprise and cloud storage applications. Whether data comes in the form of confidential consumer data, healthcare records or business intelligence, WD Gold hard drives provide a no-compromise storage solution that modern day IT managers need.

"As data growth continues unabated, retaining more of that data and generating meaningful insight from it becomes increasingly important," said Brendan Collins, vice president, Devices business unit, Western Digital. "Businesses that most effectively extract value from operational data are able to make smarter decisions, improve business outcomes and ultimately gain a competitive advantage."

Toshiba Updates on the Sale of Toshiba Memory Corporation

Toshiba Corporation (TOKYO:6502) (Toshiba) has entered into a memorandum of understanding (MOU) with Bain Capital Private Equity LP (Bain), the lead member of a consortium currently bidding to acquire Toshiba Memory Corporation (TMC), memorializing the parties' intent to negotiate a mutually satisfactory definitive agreement for the sale of TMC by the end of this month. The decision to enter into the MOU was made by Toshiba's Board of Directors at its meeting today.

As Toshiba stated in its August 31 announcement, "Update on the Sale of Toshiba Memory Corporation," Toshiba has been in continuing negotiations with three consortia of potential purchasers of TMC: a consortium that includes the Innovation Network Corporation of Japan, Bain and Development Bank of Japan; a consortium that includes Western Digital; and a consortium that includes Hon Hai. In the course of these negotiations Bain has come forward with a new proposal. Toshiba's Board of Directors has determined to continue negotiations with the Bain-led consortium on the basis of this new proposal, and the company will work to expedite the conclusion of a stock purchase agreement by the end of September. Toshiba hereby announces that it has accordingly entered into a non-binding MOU with Bain. The signing of this MOU does not eliminate the possibility of negotiations with other consortia.

WD Comments on Toshiba's Statement Regarding NAND Flash-Memory JV

Western Digital Corp. (NASDAQ: WDC) today commented on Toshiba Corporation's ("Toshiba") statement regarding the transfer of its interests in its NAND flash-memory joint ventures operated with Western Digital's SanDisk subsidiaries ("JVs"):

"We are disappointed that Toshiba would take this action despite Western Digital's tireless efforts to reach a resolution that is in the best interests of all stakeholders. Throughout our ongoing dialogue with Toshiba, we have been flexible, constructive and have submitted numerous proposals to specifically address Toshiba's stated concerns. Our goal has been - and remains - to reach a mutually beneficial outcome that satisfies the needs of Toshiba and its stakeholders, and most importantly, ensures the longevity and continued success of the JVs.

Furthermore, it is surprising that Toshiba would continue to pursue a transaction with a consortium led by Korea-based SK Hynix Inc. and Bain Capital Japan without SanDisk's consent, as the language in the relevant JV agreements is unambiguous, and multiple courts have ruled in favor of protecting SanDisk's contractual rights. We remain confident in our ability to protect our JV interests and consent rights."

Toshiba to Sell Memory Production Sector to WD-led Consortium for $18.3 billion

It's been an interesting time if you're an avid reader of memory-related news pieces. Between increasing prices, Toshiba's debacle and subsequent spin-off of their memory division, to Toshiba and Western Digital butting heads regarding acquisition of said spin-off, and today's news, little was left to thread. Now, reports are surfacing that place Western Digital's consortium as being the (as of yet unofficial) winner in the bid for Toshiba's partial spin-off of their memory division. The deal is being valued at $18.3 billion, Japanese news outlet Nikkan Kogyo says, with Toshiba planning to make a formal decision on Wednesday, with the signing of an agreement to come on Sept. 20.

Western Digital Looking Towards Apple for Additional Funds in Toshiba Bid

The partial spin-off of Toshiba's memory production business, which should see the company shed around 20% of its memory business production stake, still has a lot of water to run under the bridge. Reports said that Toshiba would be suing Western Digital, which Toshiba said tried to continuously interfere with the bidding process, it seems that Western Digital isn't looking to back down any time soon. Reuters is reporting that Western digital is now looking to Apple to bolster its bidding position by another 50 billion Yen (around $464 million) to increase the likelihood of acceptance.

Granted, that is somewhat of a fraction of Western Digital's $17 to $18 billion bid for the chip business, but any increased amount of investment is likely to only sway the decision towards WD, who has a joint venture with Toshiba towards furthering memory semiconductor technology. Even though Toshiba has already elected a preferred bidder, nothing is closed as of yet. That Western Digital is looking towards Apple is slightly surprising, but begins to look less so the more you think about it: Apple is one of the foremost buyers of memory semiconductors in the industry; pricing for both flash and DDR memory has seen price hikes in the past due to increased production of iPhones, after all. It's in Apple's best interests to have an amenable partner in the memory production business, which is why an Apple aid for Western Digital might turn out advantageous for the company. Toshiba executives, fearing that WD might be angling to eventually take over the chip business (which isn't unreasonable), are demanding that the U.S. company promise to limit the size of its stake in the company. Toshiba's board is now aiming to reach a final agreement with the consortium by Sept. 13.

Source: Reuters

SanDisk Announces a 400GB microSDXC Card

Western Digital Corporation, a global data storage technology and solutions leader, today announced its 400 GB SanDisk Ultra microSDXC UHS-I card, the world's highest-capacity microSD card for use in mobile devices. Two years after introducing its record-breaking 200 GB SanDisk Ultra microSDXC card, Western Digital has doubled the capacity within the same tiny form factor. Keeping up with the demands of today's mobile-centric lifestyle, the new SanDisk microSD card provides consumers with the freedom to capture, save and share photos, videos and apps, and enjoy offline content - all without worrying about storage limitations.

"Mobile devices have become the epicenter of our lives, and consumers are now accustomed to using their smartphones for anything from entertainment to business. We are collecting and sharing massive amounts of data on smartphones, drones, tablets, PCs, laptops and more. We anticipate that storage needs will only continue to grow as people continue to expect more sophisticated features on their devices and desire higher quality content," Jeff Janukowicz, research vice president, IDC. "We estimate mobile device users worldwide will install over 150 billion applications alone this year, which require a ton of memory on all of our favorite devices."

Western Digital Updates My Book Duo Desktop Storage - Up to 20 TB

For some users, having three HDDs of differing capacities in their system isn't the right solution for achieving the storage space they need. Others don't want to have their files uploaded to the cloud, where security and access times to their files may become hindrances. Some people just like to have all their files offline, in a (somewhat) portable medium that achieves up to 360 MB/s sequential read speeds. Enter Western Digital's updated My Book Duo external desktop storage.

RAID-optimized WD Red hard drives (formatted NTFS out of the box) enable those read speeds, and capacities of 4 TB, 6 TB, 8 TB, 12 TB, 16 TB and 20 TB are available. Connectivity-wise, the My Book duo offers USB Type-C and Type-A, while security isn't left out the door, with built-in password protection and 256-bit AES hardware encryption with WD Security software. The unit measures 7.09 x 6.3 x 3.94 inches and weighs between 5.05 to 5.25 pounds depending on drive capacity. The My Book Duo is available now, with pricing at $259.99 for the 4 TB unit, and a maximum of $799.99 for the 20 TB model, all with a three-year warranty.

Source: TechSpot

Western Digital, SanDisk Shipping 3D NAND Blue and Ultra SSDs

Western Digital and SanDisk have updated their Blue and Ultra line of consumer SSDs with the latest 3D BiCS FLASH NAND technology. Capacities will range from 250 GB capacities through 500 GB and up to 1TB at launch, with a 2 TB SanDisk Ultra 3D SSD "coming soon." The hardware powering each drive is exactly the same, save for the difference in available storage: the controller used is a Marvell 88SS1074, protocol is SATA 6Gbps / AHCI, and even warranty stays the same through all WD and SanDisk models, at three-years (limited.)

The WD Blue line of SSDs will be available in both 2.5" and M.2 2280 single-sided models. Sequential read speed starts at 550 MB/s for both WD Blue 250 GB and SanDisk Ultra 3D, with sequential write speeds at a rated 525 MB/s and read/write IOPS being set at 95,000/81,000 respectively. All other (higher) capacities deliver slightly more performance: 560 MB/s sequential read speeds, 530 MB/s sequential writes, 95,000 random read IOPS, and 84,000 random write IOPS. Pricing is as follows: WD Blue 3D 250 GB ($89); Blue 3D 500 GB ($149.99), Blue 3D 1 TB ($279.99); SanDisk Ultra 3D 250 GB ($99.99), Ultra 3D 500 GB ($164.99), Ultra 3D 1TB ($279.99) and Ultra 3D 2TB ($549.99, currently unavailable.)

Source: Tom's Hardware

Western Digital Announces Four-Bits-Per-Cell (X4) Technology on 3D NAND

Western Digital Corp. today announced its successful development of four bits per cell, X4, flash memory architecture offering on 64-layer 3D NAND, BiCS3, technology. Building on its pioneering innovation of X4 for 2D NAND technology and past success in commercializing it, the company has now developed X4 for 3D NAND by leveraging its deep vertical integration capabilities. These include silicon wafer processing, device engineering to provide sixteen distinct data levels in every storage node, and system expertise for overall flash management. BiCS3 X4 technology delivers an industry-leading storage capacity of 768 gigabits on a single chip, a 50 percent increase from the prior 512 gigabit chip that was enabled with the three bits per cell (X3) architecture. Western Digital will showcase removable products and solid-state drives built with BiCS3 X4 and systems capabilities in August at the Flash Memory Summit in Santa Clara, California.

"The implementation of X4 architecture on BiCS3 is a significant development for Western Digital as it demonstrates our continued leadership in NAND flash technology, and it also enables us to offer an expanded choice of storage solutions for our customers," said Dr. Siva Sivaram, executive vice president, Memory Technology, Western Digital. "The most striking aspect in today's announcement is the use of innovative techniques in the X4 architecture that allows our BiCS3 X4 to deliver performance attributes comparable to those in BiCS3 X3. The narrowing of the performance gap between the X4 and X3 architectures is an important and differentiating capability for us, and it should help drive broader market acceptance of X4 technology over the next several years."

Toshiba and WD Power Struggle Continues - WD Bid for Toshiba's Business 6 Times

You must remember the ongoing house of horrors that is Toshiba's financial situation. Granted, it isn't that bad - the company is still managing to push the envelope on its semiconductor production business. Still, I'm sure the company would have liked to not be on the verge of selling out 20% of its memory business production stake - which is one of the company's most profitable divisions to begin with.

Western Digital Introduces 10 TB RED, RED PRO HDDs

Western Digital has introduced new models to its RED and RED PRO line-up of HDDs. The RED series is oriented more towards a NAS environment, though nothing is really stopping you from putting on of these into your system. These use the same HelioSeal technology that WD uses on their enterprise-class drives, which allows the company to increase the capacity of the RED and RED PRO drives by 25%.

The normal RED drive is built for systems with up to 8 drive bays, while the RED PRO is built for systems with up to 16 drive bays. The RED series is more silent, with an internal spindle speed of 5400RPM, while the RED PRO series comes with a 7200RPM speed. This means the PRO series is louder while operating, but also that is has better performance and faster data access times.

HGST Announces the Ultrastar SS300 Series SAS SSDs

Western Digital Corp., a global data storage technology and solutions leader, today announced the HGST-branded Ultrastar SS300, the company's highest-performing SAS SSD to date. It is the latest addition to the company's family of Ultrastar 12Gb/s SAS SSDs, which are used to meet the rigorous data demands of many of the world's largest companies today. Developed in partnership with Intel, the new Ultrastar SS300 delivers best-in-class random performance, offering speeds of up to 400,000 IOPS random read and up to 200,000 IOPS random write.

"Today, we raise the bar with our newest 12 Gb/s SAS SSD, the Ultrastar SS300," said Ulrich Hansen, vice president of SSD product marketing at Western Digital. "Built with high-endurance 3D NAND flash memory, the Ultrastar SS300 offers best-in-class speed, outstanding capacity and intelligent power options that enable customers to tailor storage systems and server solutions that are just right for their demanding needs. These benefits are delivered with the same tremendous reliability that has helped to make Ultrastar 12 Gb/s SAS SSDs popular around the globe."

Western Digital SanDisk Subsidiaries Initiate Arbitration with Toshiba at ICC

Western Digital Corp. (NASDAQ:WDC) today announced that several of its SanDisk subsidiaries have filed a Request for Arbitration with the ICC International Court of Arbitration related to three NAND flash-memory joint ventures ("the Flash JVs") operated with Toshiba Corporation ("Toshiba

The arbitration demand seeks among other things an order requiring Toshiba to unwind the transfer to Toshiba Memory, and injunctive relief preventing Toshiba from further breaching the Flash JV agreements by transferring its Flash JV interests, or any interest in an affiliate that holds its Flash JV interests, without SanDisk's consent. Per the provisions of the joint venture agreements, the arbitration will take place in San Francisco, California.

Western Digital chief executive officer Steve Milligan stated, "The Flash JVs have been operated with Toshiba for the past 17 years and have been highly successful for the JV partners and for Japan. We continue to be actively engaged in discussions with Toshiba's stakeholders to ensure that they are fully aware of our joint venture rights and of our desire to work with Toshiba to achieve a favorable outcome for all parties. We firmly believe that we provide Toshiba with the optimal solution to address its challenges, and that we are the best partner to advance its legacy of technology innovation in Japan."

HGST Ships Ultrastar He12 12TB Enterprise Hard Drives

Western Digital Corp. today announced that it has begun shipping its fourth-generation helium-based hard drive with its 12TB HGST-branded Ultrastar He12 hard drive. The Ultrastar He12 12TB hard drive is the next generation of the company's award-winning high capacity enterprise-class drive with HelioSeal technology, providing customers with a data storage solution addressing the expansive information management needs and demanding performance requirements of today's enterprise, cloud and hyperscale workloads.

"We have again raised the bar in enterprise storage with the industry's most advanced and cost-effective highest capacity helium HDD storage solutions," said Mark Grace, senior vice president of devices at Western Digital. "The Ultrastar He12 hard drive advances Western Digital's portfolio leveraging the HelioSeal platform to deliver industry-leading high capacity HDD storage with exceptional power efficiency. Western Digital has shipped over 15M helium-based high capacity drives to date and continues to support our customers with outstanding reliability and Quality of Service (QoS). Our industry-leading data center portfolio enables customers across the spectrum to meet their evolving and dynamic data center demand."

G-Technology Announces Thunderbolt 3 and USB Type-C Updates to its Product Lines

Western Digital Corporation (NASDAQ: WDC), a global storage technology and solutions leader, today announced upgrades to its award-winning G-Technology product lines, including the addition of Thunderbolt 3 and USB-C connectivity technologies. The upgrades optimize the speed and performance of these drives, meeting the growing needs of creative professionals who are capturing and transferring vast amounts of high-resolution content.

"G-Technology recognizes the need for a complete workflow solution that takes advantage of the power of Thunderbolt 3 and USB-C," said Sven Rathjen, vice president of marketing, Client Solutions, Western Digital. "The result is a substantial upgrade across several product lines that delivers reliable, fast, and easy-to-use storage solutions to fit the current and future needs of our customers."

Western Digital Unveils Its First WD Portable SSD

Western Digital Corporation, a global storage technology and solutions leader, today introduced its fastest WD brand portable drive yet, the My Passport SSD. Featuring blazing-fast speeds and award-winning design, the new My Passport SSD compliments the company's leading portfolio of My Passport palm-sized storage devices. Designed for content creators and tech enthusiasts, the new My Passport SSD combines exceptional speed and portability to manage massive files on the go.

"The WD brand is focused on delivering fresh, new personal storage devices that offer amazing performance in a beautiful, yet durable design," said Sven Rathjen, vice president of marketing, Client Solutions, Western Digital. "Our fastest portable drive yet, the My Passport SSD is a powerful solution for people who need to move content quickly and easily wherever life takes them."

Western Digital Announces a 10TB Variant of WD Purple Surveillance-class HDDs

Western Digital Corporation, a storage industry leader, today announced the availability of the WD Purple 10 TB HDD, the newest member of its high-capacity hard drive line for surveillance applications. According the IHS Markit, anticipated growth of 4K-compliant and high-resolution network cameras over the next few years is driving higher demand for surveillance-class storage to support systems featuring these technologies. With increased capacity and proven leading-edge technology, the WD Purple 10 TB HDD is optimized for 24x7 video surveillance systems and up to 64 high-definition (HD) cameras in home and small business security environments.

"Advanced imaging technology advancements are expanding the value that video surveillance provides for applications ranging from retail and public safety monitoring to smart-city infrastructure, all of which are driving new storage needs," said Brendan Collins, vice president of product marketing. "Our new 10 TB drive inherits the high performance, reliability and endurance qualities of our WD Purple family, with maximum capacity to offer VARs, integrators and consumers a 4K-ready solution for current and next-generation surveillance systems."

Western Digital Transforms the Mobile Experience with New iNAND 7350

Western Digital Corp. today introduced the iNAND 7350 storage solution, the company's most advanced and highest capacity embedded flash drive (EFD) to date. Leveraging Western Digital's 3D NAND and unique and highly intelligent, fourth-generation SmartSLC technology, iNAND 7350 delivers up to 256 gigabytes (GB) of reliable and responsive embedded storage that is ideal for data-rich applications and next-generation mobile experiences.

"Our new 256GB iNAND 7350 is the highest capacity embedded storage device available today on e.MMC, the industry's most proven interface," said Christopher Bergey, vice president of Embedded and Integrated Solutions with Western Digital. "By combining our 3D NAND technology and latest application-aware architecture, we have built the iNAND 7350 storage device to deliver an exceptional balance of performance, capacity and cost-efficiency. This can enable smartphone manufacturers to introduce mainstream devices that offer the high capacity consumers crave and deliver outstanding application experiences - from high-quality 4K Ultra HD video playback to next-generation augmented reality (AR)."

NVM Express Elects Facebook and Toshiba to Board

NVM Express, Inc., the organization that developed the NVM Express specification for accessing solid-state drives (SSDs) on a PCI Express (PCIe) bus, today announced the results of its recent board elections. Elected to Promoter positions were Facebook, Micron, Microsoft, Samsung, Seagate, Toshiba, and Western Digital. Facebook and Toshiba are new to the Promoter level, and the others are incumbents. The election winners join existing Promoters Cisco, Dell EMC, Intel, Microsemi, NetApp and Oracle, whose current terms expire at the end of 2017.

Representatives from the 13 Promoter companies form the NVM Express, Inc. Board of Directors, which governs the organization, including setting strategic direction. All Contributor and Promoter member companies are eligible to run for Promoter positions, where there are elections each year for roughly half the positions.

"We're very pleased to welcome Toshiba and Facebook to the NVM Express, Inc. Board, to help shape the future direction of NVM Express technology and the organization," said Amber Huffman, NVM Express President. "In 2016, we marked major milestones, such as publishing the NVM Express over Fabrics specification. We look forward to publishing revision 1.3 in the first half of this year - with much more to come later in 2017."

Toshiba Confirms Spin Off of Its NAND Flash Production Business

After some reports pegged this event has likely and upcoming, Toshiba has now confirmed that they will be spinning off their NAND production business, whilst simultaneously parting with a 20% minority stake on the resulting business. This would inject Toshiba's coffers with enough liquidity to keep the company afloat, whilst letting them keep a hold of their most profitable business.

While details are still scarce (namely regarding the structuring of this spin off and who will be the investor to buy the reported 20% stake that Toshiba is willing to part with (with it most likely being Western Digital, as we've mentioned in our previous piece), the company has announced that they want to complete the transaction by the end of this quarter, March 31st.
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