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Toshiba suing U.S. partner over chip business sale

Jun 28, 2017, 7:04 AM EDT
(Source: FuFu Wolf/flickr)
(Source: FuFu Wolf/flickr)

Japanese electronics giant Toshiba is filing a lawsuit against its American partner Western Digital, accusing it of interfering in the sale of its flash-memory division. Toshiba has sought 120bn yen ($1bn; £835m) in damages, claiming that Western Digital’s employees improperly obtained proprietary information.

Western Digital has been opposing the deal and has moved a U.S. court to block any sale that takes place without its consent, writes the BBC.

Toshiba’s financial woes and heavy losses from its nuclear power business make the divestment deal an absolute necessity for the electronics company to stay afloat, notes Bloomberg.

TAGS: Toshiba
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